Fresenius Medical Care - Jacksonville, FL

3038 Saint Johns Bluff Rd S Jacksonville , FL 32246-3710

Fresenius Medical Care - Jacksonville, FL - Retail for sale

Overview


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
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 3038 Saint Johns Bluff Rd S, Jacksonville, FL 32246-3710
Land In Acres 0.79
Building Size 11,500  ft2
Financial
Price $4,442,085
Cap Rate 6.00%
Current NOI $266,525.00
Lease
Tenant's Name Fresenius Medical Care AG & Company KGaA
Guarantor Fresenius Medical Care AG & Company KGaA
Guarantor Credit Rating (S&P) BBB-
Lease Type NN
Lease Expiration Date 06/30/2030
Remaining Term 11.2Yrs