Skip to main content

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

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

Exclusively Listed By

Financing By

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

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower