NORTHCLIFFE CENTER

INVESTMENT HIGHLIGHTS

• Recession Proof Anchory – The Property is anchored by Bravera Health Network composed of 372 Licensed beds at 4 different hospitals with over 800 physicians on active staff. Other locations in SW Florida include Brooksville, Seven Rivers, Spring Hill, and Citrus Hills
• No State Income Tax | Fee Simple Ownership – Features a fee simple ownership of both land and building in an no state income tax market. Low-Management investment opportunity with significant upside in generating net’s though lease negotiation.
• Long Term Tenancy – 75% of the GLA has been at the center since September of 2010, proving long-term tenancy and success. Canada Health and Domino’s have been at the center since September of 2002.
• Significant Economic & Population Growth in the Area – Northcliffe Center is 45 minutes North of Downtown Tampa, the third largest city in Florida with an estimated population of about 400,000. Spring Hill is in Hernando County, which has an estimated population of around 200,000 people. Spring Hill is considered the ‘Northern Gateway’ to Tampa Bay. The County experienced its largest population increase between 2020 and 2021 at 2.6% increase year over year.
• Value Add Opportunity – Through transitioning current tenants to NNN lease structures in initial years of ownership.
•  Outparcel Available for Purchase – ±0.76 AC outparcel on the corner of Northcliffe Blvd and Maldive Ave is available for purchase in conjunction with the center. Inquire
  to Broker for further details.