1305 LAKELAND HILLS BOULEVARD

Fantastic NNN Leased Medical Investment Property! The medical group for this property wishes to complete a Sale / Leaseback transaction. The NNN Lease has already been negotiated and is complete. The building is Class A medical build out for a Radiology Clinic partnership between Lakeland Regional Health and Radiology and Imaging Specialists. The tenant is affiliation with Lakeland Regional and RIS. The building is one story medical office. Building was originally established as a medical condominium of 4 condos, but property owner owns all units and common area. Building is located in the Lakeland Medical District across the street from Lakeland Regional Hospital on the Northside of Lakeland with easy access to Interstate 4. Property is on 0.7023 acres and has 39 parking spaces, but the adjacent parcel is owned by Lakeland Regional Health and is used for additional parking. Medical build out is comprised of a large lobby, 6 dressing rooms, 6 restrooms, a private office, 3 waiting room areas, Kitchenette, dressing rooms, 3 exam rooms, 3 MRI rooms with control rooms, storage closets, etc. NNN Lease terms: Lease start September 1, 2022, 5 year initial lease with two 5 year renewal options. $126,709.40 annual rent payment plus sales tax. Rent increases of 3% annually on February 1st of each year.