WellMed Net Lease Investment

Engel & Völkers South Tampa is pleased to exclusively offer this WellMed Network Inc. single tenant investment property in Land O’Lakes, Florida. Located along one of the primary thoroughfares in Pasco County, State Road 54, the property sits within a very strong corridor that has had record growth over the past five (5) years and is projected to continue for the next ten (10) years. This site is centrally located just west of U.S. 41 and accessible to Hwy 75 and the Suncoast Express-way. WellMed Network’s lease features ±5 years of primary term remaining and two (2) one (1)-year options to renew. The lease includes an attractive 2% annual rent increase during the initial term and throughout each renewal option period. Located in The Offices of Devonwood Condominiums a Office complex of Eighteen (18) well-appointed single story office buildings, this 7,100+ square-foot freestanding building ideally situated to the main central entrance with excellent access and visibility along S.R. 54 (Traffic Count: 45,000 AADT).