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National Spine & Pain Centers 4035 Evans Ave 13,044 SF Office Building Fort Myers, FL 33901 $8,780,559 ($673.15/SF) 6.50% Cap Rate
Investment Highlights
- Extensive Tenant Investment: The property is secured by a long term lease, demonstrating the tenant’s long-term commitment to the location
- High-Cost Medical Buildout: The property is purpose-built for a specialty ASC center with five operating.
- Healthcare Demand from Aging Demographics: Southwest Florida has one of the highest concentrations of retirees in the United States.
- Absolute NNN Lease with Built-In Rent Growth: The property operates under an absolute NNN lease, providing passive ownership
- Strong Southwest Florida Population Growth: Fort Myers and the surrounding Lee County region continue to experience significant population growth
Executive Summary
Matthews Real Estate Investment Services is pleased to exclusively present the opportunity to acquire an absolute net lease five OR ASC in Fort Myers, Florida, occupied by National Spine & Pain Centers, one of the largest pain management providers in the United States. The property is secured by a long-term lease following the tenant’s multi-million-dollar investment into the facility, demonstrating a strong commitment to the location.
The investment offers passive ownership through an absolute NNN lease structure, with the tenant responsible for maintenance, taxes, insurance, and major capital expenditures. Annual rental increases provide built-in income growth and a hedge against inflation, creating predictable long-term cash flow for investors.
Strategically located in Fort Myers within the rapidly growing Southwest Florida region, the property benefits from strong demographic fundamentals and continued in-migration from across the country. Southwest Florida also has one of the highest concentrations of residents over the age of 65 in the United States, a demographic that utilizes orthopedic, spine, and pain management services at significantly higher rates.
National Spine & Pain Centers operates more than 70 outpatient clinics across 25+ states and provides comprehensive pain management, orthopedic, and spine care services. The group’s physician-led model focuses on non-opioid treatment solutions, minimally invasive procedures, and advanced diagnostics delivered by more than 120 board-certified specialists. The essential nature of these services, combined with the region’s aging population and continued population growth, supports strong long-term demand and reinforces the stability of the tenant and the investment.
The investment offers passive ownership through an absolute NNN lease structure, with the tenant responsible for maintenance, taxes, insurance, and major capital expenditures. Annual rental increases provide built-in income growth and a hedge against inflation, creating predictable long-term cash flow for investors.
Strategically located in Fort Myers within the rapidly growing Southwest Florida region, the property benefits from strong demographic fundamentals and continued in-migration from across the country. Southwest Florida also has one of the highest concentrations of residents over the age of 65 in the United States, a demographic that utilizes orthopedic, spine, and pain management services at significantly higher rates.
National Spine & Pain Centers operates more than 70 outpatient clinics across 25+ states and provides comprehensive pain management, orthopedic, and spine care services. The group’s physician-led model focuses on non-opioid treatment solutions, minimally invasive procedures, and advanced diagnostics delivered by more than 120 board-certified specialists. The essential nature of these services, combined with the region’s aging population and continued population growth, supports strong long-term demand and reinforces the stability of the tenant and the investment.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
13,044 SF
Building Class
B
Year Built/Renovated
1984/2022
Price
$8,780,559
Price Per SF
$673.15
Cap Rate
6.50%
NOI
$570,736
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,044 SF
Building FAR
0.22
Lot Size
1.39 AC
Zoning
CI - Commercial - Commercial
Parking
65 Spaces (4.98 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
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Surgery Partners is a healthcare services company headquartered in Brentwood, Tennessee. Founded in 2004, the firm operates an integrated outpatient delivery model focused on surgical and ancillary care. Its portfolio includes ambulatory surgery centers, surgical hospitals, multi-specialty physician practices, and anesthesia services. Surgery Partners is publicly traded on NASDAQ under the ticker symbol SGRY and serves patients across the United States through partnerships with physicians and health systems. The company has grown through strategic acquisitions, including NovaMed in 2011 and Symbion in 2014, and completed its initial public offering in 2015. Today, Surgery Partners manages a national network of facilities designed to provide cost-effective, high-quality surgical care.
- National Spine and Pain Centers
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - | ||
| National Spine and Pain Centers | - | - | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 36-44-24-P3-00800.001A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,445,276 |
Property Taxes
Parcel Number
36-44-24-P3-00800.001A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,445,276
Contacts
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Jake Allen -
Ryan Burke -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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National Spine & Pain Centers | 4035 Evans Ave
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