2120 Range Rd 15,530 SF of Medical Space Available in Clearwater, FL 33765

Property Description Current Occupancy The property is currently occupied by a long-standing, financially secure behavioral health operator under an absolute NNN lease. The tenant maintains a strong operational presence at the site and remains fully compliant with all lease obligations. Optional Early Availability For highly qualified operators with strong financials and established treatment programs, ownership may explore the possibility of an earlier transition only if mutually beneficial to all parties, including the existing tenant. This optionality is not guaranteed and would be considered solely under appropriate circumstances. Property Overview Located in the heart of the Tampa–St. Petersburg–Clearwater MSA—one of Florida’s fastest-growing healthcare and economic hubs—this 14,810 SF institutional-quality facility offers a premium medical and behavioral health build-out on 1.165 landscaped acres. The property features a marble-finished lobby, dramatic central atrium with koi pond, executive offices, therapy and classroom spaces, patient suites, dining areas, a nurse’s station, elevator access, and a full fitness and wellness area. The building is sprinklered and equipped with modern HVAC and mechanical systems supported by professional maintenance. Zoning Advantage The site benefits from IRT zoning with a Special Exception for Residential Treatment, an exceptionally rare entitlement in Clearwater and increasingly difficult to replicate. This high-barrier-to-entry classification allows for licensed residential treatment, detox, mental health inpatient and outpatient services, behavioral rehabilitation, medical recovery programs, wellness centers, and other specialized care operations. The existing entitlement offers significant embedded value by eliminating multi-year approval processes typically required for behavioral health facilities. Strategic Optionality This asset offers multiple long-term pathways for value creation, whether for investors or operators: Continue collecting passive absolute NNN income Explore early occupancy with a vetted behavioral health operator Long-term opportunity for owner-operator conversion Potential for private equity behavioral health platform expansion Behavioral healthcare remains one of the most resilient and fastest-growing sectors of U.S. medical real estate, supported by strong reimbursement models and Florida’s sustained population growth.