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Fresenius Kidney Care | 57,000 VPD 3107 Edgewood Ave W 8,300 SF Retail Building Jacksonville, FL 32209 $6,154,000 ($741.45/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- 6+ Years Remaining | Options To Extend | Annual Rental Increases
- Signalized, Hard-Corner Intersection (57,000 VPD) | Strong National/Credit Tenant Presence
- NN Lease | Fee Simple Ownership | Limited 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 a NN leased, Fresenius investment property located in Jacksonville, Florida. The tenant, Bio-Medical Applications of Florida, Inc. has over 6 years remaining on its 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.7% annual rental increases throughout the initial term and 10% increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited 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
8,300 SF
Building Class
B
Year Built
2016
Price
$6,154,000
Price Per SF
$741.45
Cap Rate
6.35%
NOI
$390,783
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.64 AC
Zoning
CCG-1 - COMMERCIAL
Parking
34 Spaces (4.1 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 041449-0040 | Improvements Assessment | $2,309,297 |
| Land Assessment | $287,129 | Total Assessment | $2,596,426 |
PROPERTY TAXES
Parcel Number
041449-0040
Land Assessment
$287,129
Improvements Assessment
$2,309,297
Total Assessment
$2,596,426
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