This premium medical office building investment in Tallahassee, Florida offers a fully leased, high-performing asset backed by a strong tenant under an NN+ lease structure. With nine years remaining on the lease, 2% annual rental escalations, and corporate credit from Ascend Plastic Surgery Partners, this opportunity provides investors with reliable, long-term income and minimal management responsibilities.

Specialized Healthcare Facility

Medical outpatient buildings and ambulatory surgery centers are among the most sought-after asset classes in healthcare real estate. Their specialized build-outs and consistent tenant demand make them stable investments with low vacancy risks.

Long-Term Lease Security

The tenant has over eight years of remaining lease term, ensuring predictable income while minimizing near-term rollover risk. This allows investors to benefit from consistent rental payments backed by a strong medical operator.

Annual Rental Growth

The lease includes 2% annual rent escalations, providing built-in income growth and an effective hedge against inflation. Investors gain not only stability but also long-term value appreciation.

Prime Healthcare Corridor

The property is strategically located near three major hospitals with a combined 1,095 beds: Tallahassee Memorial, HCA Florida Capital, and Select Specialty LTAC. This dense concentration of healthcare facilities makes the location highly desirable for medical tenants.

State Capital Advantage

Tallahassee, as the state capital and a regional hub, provides a steady demand for healthcare services. Government, education, and healthcare industries anchor the city’s economy, strengthening the local tenant base.

Strong Student Population

Florida State University, with nearly 44,000 students, contributes to a dynamic local economy and a growing demand for healthcare services. This demographic ensures consistent need for medical facilities in the area.

Private Equity Backing

The property is leased to Ascend Plastic Surgery Partners, backed by Sheridan Capital Partners, a private equity firm with proven success in healthcare investments. This enhances tenant reliability and operational stability.

Multiple Providers On-Site

The clinic operates with three board-certified surgeons, with plans for expansion. Offering over 30 different procedures, the diversified service mix ensures strong patient demand and revenue potential.

Long-Standing Reputation

While Ascend partnered with Tallahassee Plastic Surgery Clinic in 2024, the clinic has operated since 1978, maintaining a 47-year reputation for excellence in North Florida and South Georgia. This history adds credibility and long-term stability to the investment.

Investor-Friendly Structure

With tenant responsibilities covering taxes, insurance, and routine maintenance under the NN+ lease, this asset provides reduced management responsibilities. Combined with Florida’s income tax-free environment, investors enjoy enhanced cash flow potential.