1211 ST JOHNS BLUFF RD N, Jacksonville, Florida 32225

$4,950,000
7,131
SqFt
List Price
$4,950,000

Property Description

TURN KEY OPPORTUNITY FOR INVESTORS!- CAP RATE: 5.73%- NOI: $283,488- 11.5 years Remaining in a 15 year NNN lease. The subject offering is 100% fee simple interest, tenant is Fresenius Kidney Care. Fresenius is the largest dialysis company in the world. Jacksonville has the fastest growing demand for kidney treatment in the nation. MINIMAL LANDLORD OBLIGATIONS. The tenant has 1.7% annual increases in rent and three 5 year options to renew. Each of the three options rent increases by 10%. The building was build-to-suit for Fresenius in 2016 in a thriving area of Jacksonville Florida. It consists of 12 chairs/stations serving at FULL capacity. 15 year roof warranty. See documents for annual rent schedule.See mls#1036247 for a 2nd building for sale

Listing courtesy of KELLER WILLIAMS REALTY ATLANTIC PARTNERS.

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