Retail

Fresenius Medical Care - Jacksonville, FL

3038 Saint Johns Bluff Rd S Jacksonville, FL United States 32246-3710
Asking Price S$6,086,000
Sq. Footage 11,500
NOI Net Operating Income S$365,100
Cap Rate 6.00%

Attributes

Year Built 2015
Lease Type NN
Lease Expiration 2030-06-30
Tenant Fresenius Medical Care AG & Company KGaA
Guarantor Fresenius Medical Care AG & Company KGaA
Lot Size 0.79 ACRES

Property Description

Situated amidst a dense retail corridor and with proximity to downtown Jacksonville, the property is positioned as a highly desirable investment opportunity along with a 2015 build-out, contractual rent growth, outstanding credit tenancy and over 12 years of remaining lease term. The propertys location within one of greater Jacksonvilles primary commercial areas is supported by proximity to St. Johns Town Center, possessing over 175 tenants across the retail, hospitality, and entertainment sectors. This offering represents the opportunity to purchase an international retail and medical office tenant with significant intrinsic real estate value within a high-growth Jacksonville MSA submarket.

Investment Highlights

  • Investment grade tenancy from stable international tenant
  • Proximity to the St. John’s Town Center
  • Advantageous demographic profile for tenant’s industry space
  • Jacksonville’s growing relocation appeal
  • Exposure to dense residential market & interstate accessibility
  • Positive forecast for tenant’s industry
Eric Suffoletto
Eric Suffoletto
EVP, Capital Markets
Licensed in
IL - 475.14702
Carson Good
Managing Director, Captl Mkts

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