Pediatric Associates 2140 E Edgewood Dr 6,972 SF Office Building Lakeland, FL 33803 $2,844,571 ($408.00/SF) 7% Cap Rate

Matthews Real Estate Investment Services™ is pleased to present the opportunity to acquire a newly extended NNN leased medical asset in Lakeland, Florida — and is offering a $100,000 buy-side broker fee to the buyer’s agent at closing.
Leased to Pediatric Associates, the state’s largest privately owned pediatric primary care provider with 60+ years of success and 260+ locations, this property features a nationally trusted tenant operating within the $15.32 billion and growing U.S. pediatric healthcare market. The lease includes rare 3% annual rent increases, offering a built-in hedge against inflation and rising returns.
Located at 2140 E. Edgewood Drive in Lakeland’s high-growth MSA—Florida’s 11th largest metro—the property benefits from strong fundamentals and robust demographic demand. With 19% of the local population under age 15 and 34% of households with children under 18, the need for pediatric services remains high and sustainable.
Offering truly passive ownership, the tenant handles all maintenance, repairs, and day-to-day expenses. A newly executed 5-year term underscores their long-term commitment to the site. Supported by a leading healthcare provider, fixed rent escalations, and essential service use in a thriving market, this asset presents an exceptional, inflation-resistant investment for both local and out-of-state buyers.