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Millennium Physician Group 16 St Johns Medical Pk Dr 6,640 SF Office Building Saint Augustine, FL 32086 $2,748,618 CAD ($413.95 CAD/SF) 6.75% Cap Rate
Investment Highlights
- The property features a newly executed 10-year lease with 2% annual rent increases, providing stable income growth and inflation protection.
- The surrounding area is affluent with strong healthcare demand, supported by an aging population and above-average incomes.
- Positioned near UF Health Flagler Hospital, the site offers strong medical synergy and referral potential.
- This is a passive, hands-off investment with the tenant responsible for maintenance, taxes, and insurance.
- Located in St. Johns County, the property benefits from over 60% population growth since 2010 and continued expansion.
- Millennium Physician Group is a leading provider with 750+ healthcare professionals and 200+ locations, ensuring strong tenant credit.
Executive Summary
Broker of Record
Kyle Matthews
License # License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Building Size
6,640 SF
Building Class
A
Year Built/Renovated
1994/2005
Price
$2,748,618 CAD
Price Per SF
$413.95 CAD
Cap Rate
6.75%
NOI
$185,532 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,640 SF
Zoning
CG - Commercial - CG - Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Internal Medicine Associates of St. Johns County shall provide quality care and maintain the professional standards of our company while treating each individual patient with respect, courtesy and compassion.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 172966-0700 | Improvements Assessment | $881,899 CAD |
| Land Assessment | $241,436 CAD | Total Assessment | $1,123,335 CAD |
Property Taxes
Parcel Number
172966-0700
Land Assessment
$241,436 CAD
Improvements Assessment
$881,899 CAD
Total Assessment
$1,123,335 CAD
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Millennium Physician Group | 16 St Johns Medical Pk Dr
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