Investment Overview

Marcus & Millichap is pleased to present a new 10-year NNN, New Season treatment Center in the income-tax free state of Florida. New Season is a leading provider of care for Opioid Use Disorder (OUD) since 1986, with roughly 100 treatment centers in 20 states nationwide, approximately thirty (30) of which are in Florida. In addition to providing customized therapeutic programs and Medication-Assisted Treatment (MAT) programs to patients, they work to support the education and understanding of opioid addiction and what can be addressed with treatment. The asset is a brand new ,full-term 10-year, Triple-net, medical office property with annual escalations in the base term and options. It is situated at the intersection of I-95 and S.R. 16 in the Jacksonville MSA in St. Augustine, FL with immediate proximity to Elevation Point, a new mixed-use project anchored by Publix. It is insulated from risk geographically being situated at the entrance to "St. Aug." (America's Oldest City) within a city renowned for building moratoria. As such, and with access to the interstate, "Old Town" area waterways, World Golf Village the property is surrounded by abundant retail and insulated from competitive threat. Area retailers include but are not limited to: Starbucks, KFC, Taco Bell, Best Western, Red Roof Inn, Cracker Barrel, Hampton, McDonald's, Circle K, Burger King and others make it an outstanding investment and insulate it further from risk or value erosion.