OFFERING MEMORANDUM

1981 Capital Circle NE , Tallahassee , FL 32308

TOC – Orthopedic Walk-In Clinic

1JDS Real Estate Services Inc.

FL License # CQ1048764

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the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial

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CONFIDENTIALITY & DISCLAIMER

2

TOC – Orthopedic Walk-In Clinic

1981 Capital Cir NE, Tallahassee, FL 32308

EXECUTIVE SUMMARY

Cook & Associates Real Estate Advisors is pleased to present this

single tenant, 9,650 SF orthopedic clinic occupied by Tallahassee

Orthopedic Clinic in Tallahassee, Florida.

Great opportunity for an investor to acquire a newly renovated

medical office space that offers excellent accessibility just blocks

away from the Capital Regional Medical Center.

PROPERTY DESCRIPTION

INVESTMENT HIGHLIGHTS

▪ TOC’s Only Walk-In Clinic Location out of Six Total in the Area

▪ Tenant Recently Performed Over $300,000 in Tenant Improvements

▪ Located Within Two blocks of the Capital Regional Medical Center | 266

Beds

▪ Ideally Situated in Close Proximity to TOC’s On-Campus Surgery Center

| Referral Source

▪ Services Provided at this Location Include : X-Rays, Exam & Treatment

and Casting, Splinting and Bracing

▪ Open 6 Days Per Week 3

SALE PRICE : $ 1,233,900

CAP RATE : 9.5%

RENT : $144,750

TAXES : $ (12,291)

INSURANCE : $ (8,000)

MANAGAMENT FEE (5%) : $ (7238)

NOI : $117,222

LOT SIZE : 0.76 +/-

YEAR BUILT : 1983

BUILDING SIZE : 9,650 SF

PRICE / SF : $127.87

TOC – Orthopedic Walk-In Clinic

1981 Capital Cir NE, Tallahassee, FL 32308

ADDITIONAL PHOTOS

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TOC - Orthopedic Walk-In Clinic

1981 Capital Cir NE, Tallahassee, FL 32308

TENANT LEASE SUMMARY & OVERVIEW

LEASE TYPE Modified Gross

LEASE GUARANTOR Tallahassee Orthopedic Clinic III, P.L.

LEASE TERM REMAINING 1.5 Years

LEASE COMMENCEMENT 10/30/2017

LEASE EXPERATION 12/31/2020

OPTIONS 2, 1-Year

OPTION TO TERMINATE None

OPTION TO PURCHASEROFR – 15 days to enact upon receipt of

acceptable written offer

RESPONSIBLE

PARTYNotes

ROOF Landlord

STRUCTURE Landlord

PARKING LOT Tenant/LandlordTenant Maintains – Landlord

Replaces

HVAC Landlord

TAXES Landlord

INSURANCE Landlord

CAM Tenant

Tenant Responsible for all

Utilities and Maintenance of the

Grounds

▪ Orthopedic Walk-In Clinic for musculoskeletal Care

▪ Practice Consists of 27 Physicians

▪ Affiliated with Seven Hospitals

▪ Services Offered Include Both Specialty Treatments and Comprehensive Services

▪ Six Locations Throughout North Florida and South Georgia

Tenant TOC NOW

Guarantor Tallahassee Orthopedic Clinic III, P.L.

Number of Locations 6

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TOC - Orthopedic Walk-In Clinic

1981 Capital Cir NE, Tallahassee, FL 32308

RENT SCHEDULE

TERM PERIOD ANNUAL RENT RENT / SF

Base Current $144,750 $15.00

Option 1 1/1/2021 $149,575 $15.50

Option 2 1/1/2022 $154,640 $16.02

Annual Base Rent

Current 2021 2022

$120,000

$100,000

$140,000

$160,000

9.5 % Cap

9.8 % Cap

10.3 % Cap

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** Graph depicts base rentgrowth and rate of returnonly over lease term andoptions with all expensesremaining constant for purposes to reflect rent growth and return over time.

TOC – Orthopedic Walk-In Clinic

1981 Capital Cir NE, Tallahassee, FL 32308

LOCATION OVERVIEW

TOC NOW

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TOC – Orthopedic Walk-In Clinic

1981 Capital Cir NE, Tallahassee, FL 32308

AERIAL

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TOC - Orthopedic Walk-In Clinic

1981 Capital Cir NE, Tallahassee, FL 32308

LOCATION HIGHLIGHTS & DEMOGRAPHICS

Population 1 Mile 3 Miles 5 Miles

Total Population 4,736 44,156 120,942

Median Age 40.4 38.6 35.2

Households & Income 1 Mile 3 Miles 5 Miles

Total Households 2,285 21,387 52,842

# of Persons per HH 2.1 2.1 2.3

Average HH Income $75,842 $74,689 $67,385

▪ Tallahassee MSA currently has the fastest growing economy in the State of Florida

▪ Unemployment rates below the national average

▪ Income Tax Free State

▪ Home to 8 Colleges | Combined student body equivalent to 50,316 full-time students

▪ High Daytime Population | 80,309 People work within 3 miles of subject property

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Kayla Rebolledo | AssociateCook & Associates Real Estate AdvisorsKW Commercial | Keller Williams Chicago-Lincoln Park2211 N. Elston Avenue Suite #104 Chicago, IL 60614Cell : 925-667-8495 (voice/text) Office: 312-216-2428Email: krebolledo@kw.com

Valerie C Cook | DirectorCook & Associates Real Estate AdvisorsKW Commercial | Keller Williams Chicago-Lincoln Park2211 N. Elston Avenue Suite #104 Chicago, IL 60614Cell : (312) 515-1116 (voice/text) Office: 312-216-2419Email: valerie.cook@kw.com

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Jennifer D Stein | Broker of RecordJDS Real Estate Services(213) 446-5366Email: jstein@jdsreservices.comFL License # CQ1048764

JDS Real Estate Services Inc.

FL License # CQ1048764