3007 Hartley Rd - Medical FOR SALE


Jacksonville, FL 32257- Mandarin
$1,349,760 USD
904-378-6228
3007 Hartley Rd, Jacksonville, FL for Sale
$1,349,760 USD
Medical - FOR SALE
1/3
null | 6.25% Cap Rate

3007 Hartley Rd
Jacksonville, FL 32257
Mandarin


HIGHLIGHTS

  • 6.8 Years remaining on an absolute NNN lease with one 5-year option to extend
  • Rent schedule includes one +2% annual rental increase followed by +3% annual increases throughout the initial term and option period, increasing cash
  • The absolute NNN lease provides an attractive management-free investment located in a state with no state income tax
  • The asset is positioned within a densely trafficked commercial node, neighboring Publix, Whole Foods, multiple medical users and more
  • 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
  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,349,760 USD

PRICE/SF

$407 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Florida Oral & Facial Surgery

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,284 SF

ZONING

CCG-1

APN/PARCEL ID

155922-0045

ASK ABOUT THIS PROPERTY

Joe SimpsonRipco Real EstateMore Info
904-378-6228

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Joe SimpsonRipco Real EstateMore Info
904-378-6228

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.