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Fresenius Kidney Care Regency Dialysis 1211 Saint Johns Bluff Rd N 7,131 SF 100% Leased Retail Building Jacksonville, FL 32225 $4,857,000 ($681.11/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
- Kernan Village | Atlantic North Shopping Mall | Dense Retail Corridor
- NN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, corporate guaranteed Fresenius Kidney Care investment property located in Jacksonville, Florida. The tenant, Bio-Medical Applications of Florida, Inc. has 7 years of lease term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.70% annual rental increases throughout the initial term and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,131 SF
Building Class
B
Year Built
2016
Price
$4,857,000
Price Per SF
$681.11
Cap Rate
6.35%
NOI
$308,416
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
1.50 AC
Zoning
G4 - Commercial
Parking
38 Spaces (5.33 Spaces per 1,000 SF Leased)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 161801-0000 | Improvements Assessment | $1,661,893 |
| Land Assessment | $389,320 | Total Assessment | $2,051,213 |
PROPERTY TAXES
Parcel Number
161801-0000
Land Assessment
$389,320
Improvements Assessment
$1,661,893
Total Assessment
$2,051,213
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