PAT Kids - Hickory, NC

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the fee simple interest in a PAT Kids pediatric therapy clinic located at 1880 N Center St, Hickory, NC 28601 (the "Property" or "Asset"). PAT Kids (the "Tenant") executed a 15-year lease in June 2025 with 3.00% annual rental escalations and minimal landlord responsibilities.

Comprising 6,220 rentable square feet, the Property serves as a strategic location for PAT Kids' mission to deliver comprehensive pediatric therapy services in the Hickory market. Founded in 1999, Pediatric Advanced Therapy (PAT) stands as the most comprehensive pediatric therapy clinic in the Carolinas, offering occupational, physical, speech, and ABA therapy, as well as counseling and psychological testing for children from infancy through adolescence. JoyBridge Kids—a leading multi-unit operator of ABA facilities backed by Frontline Healthcare Partners—acquired PAT Kids in November 2025 and committed to a long-term lease based on the site's strong long-term outlook.

Hickory is situated approximately 45 miles northwest of Charlotte in the heart of the Hickory-Lenoir-Morganton MSA. The Asset is positioned along Highway 127 with visibility to over 43,000 vehicles per day in a dense retail corridor featuring national retailers including CVS Pharmacy, Starbucks, Wendy's, and Chick-fil-A. The trade area is highly affluent, with an average household income of nearly $110,000 within a 1-mile radius and a population exceeding 72,000 within five miles.

This offering presents investors with a compelling opportunity to acquire a pediatric healthcare asset in one of North Carolina's most affordable and fastest-growing metropolitan areas. The Property delivers secure cash flow through a newly executed 15-year net lease with attractive 3% annual rent escalations, minimal landlord obligations, and five renewal options.