Single-Tenant Office Medical
Blue Sprig Pediatrics - Jacksonville, FL
45 Alabama Ave, Jacksonville, FL 32218
Listing Price: $1,299,000
Cap Rate
7.25%
Tenant Name
Blue Sprig Pediatrics
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
4,750
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.87
Investment Overview
Blue Sprig Pediatrics
Blue Sprig Pediatrics - Jacksonville, FL
Investment Highlights
- - Recent Acquisition for BlueSprig Pediatrics Inc. $120MM Transaction Closed in Q1 2020 $120k+ Spent in Recent Renovations
- - Passive Ownership through NNN Lease Structure Tenant Reimburses for Management Fee (5%)
- - Consistent Population Growth in Immediate Area 24% Growth Within a 3 Mile Radius over Past 12 Years
- - Annual Rental Increases Provide Hedge Against Inflation 1.5% Annual Rental Increases Throughout Term and Options
- - Rapidly Growing Industry Backed by Insurers Prevalence of Autism has Doubled since 2000
- - Destination Driven Business Model Provides for Great Stability and Stable Customer Base
Single-Tenant Office Medical
Blue Sprig Pediatrics - Jacksonville, FL
Listing Price: $1,299,000
Cap Rate
7.25%
Tenant Name
Blue Sprig Pediatrics
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
4,750
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.87
Investment Highlights
- - Recent Acquisition for BlueSprig Pediatrics Inc. $120MM Transaction Closed in Q1 2020 $120k+ Spent in Recent Renovations
- - Passive Ownership through NNN Lease Structure Tenant Reimburses for Management Fee (5%)
- - Consistent Population Growth in Immediate Area 24% Growth Within a 3 Mile Radius over Past 12 Years
- - Annual Rental Increases Provide Hedge Against Inflation 1.5% Annual Rental Increases Throughout Term and Options
- - Rapidly Growing Industry Backed by Insurers Prevalence of Autism has Doubled since 2000
- - Destination Driven Business Model Provides for Great Stability and Stable Customer Base
Investment Overview
Blue Sprig Pediatrics
