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North Florida Oral & Facial Surgery 3007 Hartley Rd 3,319 SF 100% Leased Office Building Jacksonville, FL 32257 $1,883,185 CAD ($567.40 CAD/SF) 6.25% Cap Rate



INVESTMENT HIGHLIGHTS
- 6.8 Years remaining on an absolute NNN lease with one 5-year option to extend
- The absolute NNN lease provides an attractive management-free investment located in a state with no state income tax
- The property is approximately 0.2 miles from the on ramp to Interstate 295 from San Jose Boulevard delivering an aggregate AADT of 195,000
- Rent schedule includes one +2% annual rental increase followed by +3% annual increases throughout the initial term and option period, increasing cash
- The asset is positioned within a densely trafficked commercial node, neighboring Publix, Whole Foods, multiple medical users and more
- The site is located within Jacksonville, which ranks 3rd in the nation for economic growth and is the 4th largest metropolitan area in the state of FL
EXECUTIVE SUMMARY
RIPCO Real Estate is pleased to offer for sale 3007 Hartley Road, a ± 3,772-square-foot surgical center located in Jacksonville, Florida. The property is 100% leased to North Florida Oral & Facial Surgery, a leading provider of oral and maxillofacial surgical services, under an absolute net lease, offering investors zero landlord responsibilities. North Florida Oral & Facial Surgery operates five established locations throughout Ponte Vedra Beach, Orange Park, and Jacksonville, and was recently acquired by Beacon Oral Specialists Management, LLC, a national dental services organization with over 100 practices across the U.S. and $1.4 billion in assets under management (AUM). The site features ±180 feet of frontage along Hartley Road with 10,847 vehicles per day (AADT). Hartley Road is a commercial outlet stemming from the intersection of San Jose Boulevard and Interstate 295, a high-traffic intersection with an aggregate 195,000 vehicles per day (AADT). The immediate area benefits from a strong demographic profile, with a daytime population exceeding 11,000 and an average household income of $138,391 within a 1-mile radius.
This offering presents an opportunity to acquire a stable, management-free investment in a highly affluent Jacksonville submarket, backed by a nationally scaled healthcare operator.
This offering presents an opportunity to acquire a stable, management-free investment in a highly affluent Jacksonville submarket, backed by a nationally scaled healthcare operator.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,319 SF
Building Class
B
Year Built
1996
Price
$1,883,185 CAD
Price Per SF
$567.40 CAD
Cap Rate
6.25%
NOI
$117,699 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
3,319 SF
Building FAR
0.08
Lot Size
0.99 AC
Zoning
CCG-1
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PROPERTY TAXES
| Parcel Number | 155922-0045 | Improvements Assessment | $537,605 CAD |
| Land Assessment | $441,685 CAD | Total Assessment | $979,291 CAD |
PROPERTY TAXES
Parcel Number
155922-0045
Land Assessment
$441,685 CAD
Improvements Assessment
$537,605 CAD
Total Assessment
$979,291 CAD
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North Florida Oral & Facial Surgery | 3007 Hartley Rd
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