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Normandy Village Medtail - Jacksonville, FL 1584 Normandy Village Pky 23,813 SF 100% Leased Retail Building Jacksonville, FL 32221 $4,616,000 ($193.84/SF) 7.70% Cap Rate



INVESTMENT HIGHLIGHTS
- Significant Value-Add Opportunity: Average on-site rent of $14.73 PSF, while market rents exceed $26 PSF (per Costar).
- Proven Tenancy Track Record: Over 78% of the GLA has been occupied at this location since 2012 or earlier, demonstrating strong tenant “stickiness”.
- High-Growth Area: The Jacksonville, FL MSA is among the fastest-growing nationwide, with a population projected to exceed 2 million by 2035.
- Attractive Returns: Fully occupied “Medtail” offering at a 7.70% CAP rate with a day 1 cash-on-cash return of 7.61% at asking price.
- Attractive Lease Structures: All leases are fully Triple Net (NNN), resulting in minimal landlord responsibilities.
- Strategically Located: Positioned in a densely populated area with 76,173 residents within a 3-mile radius.
EXECUTIVE SUMMARY
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
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- LEASE END
Innovative Renal Care (IRC) is a comprehensive kidney care company paving the way for new thinking in how to treat and manage patients with or at high risk of end-stage renal disease (ESRD). Providers and patients alike want a new start in kidney care. IRC clinics are disrupting the field with offerings and innovative partnerships. Their approach is built on partnerships with nephrologists and health systems in local communities – and it is those partnerships that allow them to deliver high-quality, compassionate and patient-centered care that kidney care patients need.
- My CroSchool
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MYcroSchool Jacksonville Charter High School is a tuition-free charter school that provides students a chance to earn a standard High School Diploma in Jacksonville, Florida. The school is in the Duval County School District. The school provides a flexible schedule with early and late class sessions, so students can finish high school under any circumstances.
Physicians Group, LLC is a Joint Commission accredited facility serving as a one-stop shop for musculoskeletal injuries. Their locations feature a team of medical experts, including medical doctors, chiropractors, osteopaths, nurse practitioners, and physician assistants. The team treats a wide range of musculoskeletal issues, including joint pain, back pain, and neck pain. To ensure positive outcomes, they offer access to advanced technology and imaging, including dynamic range of motion (DynaROM™) testing, cervical digital motion X-rays (DMX), and regenerative therapy. At Physicians Group, LLC, the team strives to provide a welcoming and patient-centric experience. The providers don’t rush consultations and ask plenty of questions, ensuring they understand each individual’s symptoms and goals. Whenever possible, the team treats injuries with conservative and holistic measures but also performs surgery when required.
- Southwest Jacksonville Dialysis Center Llc
- Health Care and Social Assistance
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Health Care and Social Assistance | - | - | - | ||
| My CroSchool | - | - | - | - | ||
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Educational Services | - | - | - | ||
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Health Care and Social Assistance | - | - | - | ||
| Southwest Jacksonville Dialysis Center Llc | Health Care and Social Assistance | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007628-3800 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,942,661 |
