Pediatric Associates – 3750 Curtis Blvd. 3750 Curtis Blvd 5,000 SF Flex Building Port Saint John, FL 32927 $1,502,500 ($300.50/SF) 7.99% Cap Rate

Matthews™ is pleased to present a single-tenant net lease medical office investment in Cocoa, Florida, leased to Pediatric Associates, the nation’s largest privately owned pediatric physician group. Pediatric care has been delivered from this location since 2007, originally built and operated by a local independent pediatric provider before being acquired by Pediatric Associates in 2023 – marking decades of continuous, community-rooted care at the address.
The 5,000-square-foot property is centrally located within Cocoa, serving as the anchor pediatric care provider for the surrounding community amid a market with very limited competing pediatric clinic space. The practice recently added two additional clinicians, expanding its provider base and reinforcing a clear trajectory of continued growth at the location.
The surrounding market benefits from a diverse economic base spanning aerospace, healthcare, logistics, tourism, and advanced manufacturing, with exceptional regional accessibility via I-95, SR-528, Port Canaveral, and Orlando International Airport. Pediatric care is supported by rapid family-driven growth, with Port St. John's population nearly doubling between 2010 and 2020 and continuing to grow at an estimated 3.5%+ annually, and nearly 30% of area households including children under 18 and steady population growth across central Brevard County – including Cocoa, Cocoa West, Port St. John, and Rockledge – the market offers consistent long-term demand for pediatric and family healthcare services.
The tenant operates under a Modified Net lease with 3% annual rental increases and two 5-year renewal options remaining. Offered at $1,502,500 (8.00% cap / $300.50 PSF), this asset presents a supply-constrained, credit-backed investment supported by a high-performing, long-tenured pediatric location with built-in rent growth.