2120 Range Rd 15,530 SF Health Care Building Offered at $6,900,000 in Clearwater, FL 33765

Absolute Triple-Net Lease Income
The property is currently leased to an established behavioral health provider under an absolute NNN structure, with the tenant responsible for property taxes, insurance, all utilities, repairs, maintenance, and roof/structural obligations.
This provides turnkey, zero-landlord-responsibility income.
Offered at an attractive return for a rare licensed behavioral treatment facility in a major Florida healthcare market.
Financials (cap rate, NOI) and rent roll provided to qualified principals upon request. Note: The property is currently occupied, but the existing tenant is willing to vacate early with notice. We are open to leasing to a new tenant if a prospective buyer is interested in a lease scenario or if a new lessee is sought instead.
Positioned in the heart of the Tampa–St. Petersburg–Clearwater MSA — one of Florida’s fastest-growing healthcare and business hubs — this premier medical and behavioral health asset represents a rare opportunity to own a fully accredited treatment campus with irreplaceable zoning and licensed residential/overnight accommodation capability under IRT zoning with a Special Exception for Residential Treatment use.
The 14,810 SF institutional-grade facility features a premium medical build-out, including a marble-finished lobby, dramatic central atrium with koi pond, executive offices, therapy and classroom spaces, patient suites, nurse’s station, dining areas, and a complete fitness and wellness facility. The building is elevator-served and supported by modern HVAC and mechanical systems with professional maintenance throughout.
Unique Healthcare Zoning Advantage
The property benefits from IRT zoning with a Special Exception for Residential Treatment — an extremely scarce entitlement in Florida and increasingly difficult to obtain. This high-barrier-to-entry designation supports:
-Licensed residential treatment & detox programs
-Mental health inpatient & outpatient services
-Medical recovery, wellness, or specialty care programs
-Behavioral or neurological rehabilitation
-Research and clinical treatment operations
This zoning represents significant embedded value, eliminating lengthy entitlement, build-out, and community approval processes typically required to establish a licensed behavioral facility.
Strategic Future Optionality
This offering provides multiple long-term pathways for value creation:
-Continue collecting passive absolute NNN income
-Future opportunity to lease to another licensed behavioral provider
-Long-term potential for owner-operator conversion or private equity behavioral health platform expansion
Behavioral healthcare remains one of the most resilient and fastest-growing sectors in U.S. medical real estate, supported by strong insurance reimbursement and Florida’s expanding population base.