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Baptist Health | 5Yrs Remaining | 7.25% Cap 3690 St Johns Bluff Rd S 7,474 SF 100% Leased Office Building Jacksonville, FL 32224 $3,227,737 ($431.86/SF) 7.25% Cap Rate



INVESTMENT HIGHLIGHTS
- Passive Ownership: The modified NNN lease offers investors a hands-off ownership experience and predictable income.
- Top Health System: Baptist Health, a non-profit health system based in Jacksonville, FL, is the largest in northeast Florida.
- Top City of Florida: Jacksonville, with over 1 million residents, is the largest city in Florida and ranks among the top 10 largest cities in the U.S.
- Growing Market: The U.S. pediatric healthcare market is projected to grow from $15.93 billion in 2025 to $19.38 billion by 2030.
- Income Tax-Free State: Florida has no state income tax and has recently eliminated the sales tax on commercial rental income.
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,474 SF
Building Class
C
Year Built/Renovated
1998/2005
Price
$3,227,737
Price Per SF
$431.86
Cap Rate
7.25%
NOI
$234,011
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,474 SF
Building FAR
0.10
Lot Size
1.64 AC
Zoning
CCG-1, Jacksonville
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PROPERTY TAXES
| Parcel Number | 167461-1600 | Improvements Assessment | $675,008 |
| Land Assessment | $1,188,992 | Total Assessment | $1,864,000 |
PROPERTY TAXES
Parcel Number
167461-1600
Land Assessment
$1,188,992
Improvements Assessment
$675,008
Total Assessment
$1,864,000
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