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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 $6,652,681 CAD ($932.92 CAD/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
$6,652,681 CAD
Price Per SF
$932.92 CAD
Cap Rate
6.35%
NOI
$422,440 CAD
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)
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 161801-0000 | Improvements Assessment | $2,236,632 CAD |
| Land Assessment | $526,555 CAD | Total Assessment | $2,763,187 CAD |
Property Taxes
Parcel Number
161801-0000
Land Assessment
$526,555 CAD
Improvements Assessment
$2,236,632 CAD
Total Assessment
$2,763,187 CAD
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Fresenius Kidney Care Regency Dialysis | 1211 Saint Johns Bluff Rd N
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