ChenMed - Fort Myers, FL

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the fee simple interest in the Chen Dedicated Holdings LLC (“ChenMed” or “Tenant”) medical office building located at 4990 Majorca Palms Drive, Fort Myers, FL ("Property" or "Asset"). At this location ChenMed operates its Dedicated Senior Medical Center concept. The Property is fully occupied by ChenMed, operating on a long-term, absolute NNN lease with ±19 years of primary term remaining and 2.50% annual escalations.

Dedicated Senior Medical Center, a key part of the national ChenMed family, provides a transformative, physician-led primary care model specifically for seniors. As a comprehensive healthcare destination, it offers a full spectrum of services under one roof, including on-site labs, diagnostics, medication dispensing, and transportation. The center operates on a high-touch, value-based care model, assigning each physician a small patient panel to ensure personalized attention. This proactive approach leads to proven superior outcomes, including 33% fewer hospitalizations for its patients, and has fueled the company's expansion to over 110 centers nationwide.

The Asset consists of a 12,634 SF medical office building situated on a 1.56-acre parcel. Originally built in 2018 and fully renovated in 2023, the facility operates as a modern medical clinic providing primary care services for seniors. The absolute triple-net lease features attractive 2.5% annual rent escalations, providing a strong hedge against inflation.

Positioned just off Palm Beach Boulevard (SR 80), a primary east-west arterial carrying approximately 39,000 vehicles daily, with convenient access to I-75, the Property is supported by one of the fastest-growing patient bases in the nation, with a population of 112,607 within a five-mile radius that has grown 2.8% annually since 2020.

This offering provides investors the opportunity to acquire a long-term absolute NNN lease with annual increases, leased to a recession-resistant healthcare operator of scale, within a high-growth Florida market.