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Single-Tenant Office Medical

River Run Smiles (Dark)

9343 Lem Turner Rd, Jacksonville, FL 32208

Listing Price: $525,000

Cap Rate
5.87%
Tenant Name
North American Dental Group
Years Remaining On Lease
0.9
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$175.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.79

Investment Overview

Marcus & Millichap is pleased to present the subject property, located at 9343 Lem Turner Blvd. Jacksonville, FL 32208. Situated upon 0.61 acres, the structure on this parcel was built in 1972, updated in 2018, and contains +/- 3,000 SF. Located on the hard signalized corner of Lem Turner and Bassett Rd., the property presents ideal visibility and accessibility in a dense residential and commercial community. The tenant, River Run Smiles/North American Dental Group, has gone dark and is still paying rent until December 2023. All dental equipment is included in the sale, creating a substantial opportunity for a user/new dental practice in the Riverview Neighborhood of Northwest Jacksonville. Currently, River Run Smiles occupies 2,300 SF of this location and has approximately one and a half years remaining on its lease with two five-year options attached that they are unlikely to exercise. Additionally, the building has 700 SF of available space for lease. The dynamics of this property present an array of uses for prospective investor and potential tenants.

Investment Highlights

  • Dental Equipment Included in Sale
  • Located on the Hard Signalized Corner of Lem Turner Rd. and Bassett Rd.
  • Clear Visibility and Accessibility With Three Ingress/Egress Locations
  • Property Fronts Lem Turner Rd – AADT 30,500
  • The Dynamics Of The Property Create A Multitude Of Uses For A Prospective Investor And Tenant

Exclusively Listed By

Financing By

Single-Tenant Office Medical

River Run Smiles (Dark)

Listing Price: $525,000

Cap Rate
5.87%
Tenant Name
North American Dental Group
Years Remaining On Lease
0.9
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$175.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.79

Investment Highlights

  • Dental Equipment Included in Sale
  • Located on the Hard Signalized Corner of Lem Turner Rd. and Bassett Rd.
  • Clear Visibility and Accessibility With Three Ingress/Egress Locations
  • Property Fronts Lem Turner Rd – AADT 30,500
  • The Dynamics Of The Property Create A Multitude Of Uses For A Prospective Investor And Tenant

Investment Overview

Marcus & Millichap is pleased to present the subject property, located at 9343 Lem Turner Blvd. Jacksonville, FL 32208. Situated upon 0.61 acres, the structure on this parcel was built in 1972, updated in 2018, and contains +/- 3,000 SF. Located on the hard signalized corner of Lem Turner and Bassett Rd., the property presents ideal visibility and accessibility in a dense residential and commercial community. The tenant, River Run Smiles/North American Dental Group, has gone dark and is still paying rent until December 2023. All dental equipment is included in the sale, creating a substantial opportunity for a user/new dental practice in the Riverview Neighborhood of Northwest Jacksonville. Currently, River Run Smiles occupies 2,300 SF of this location and has approximately one and a half years remaining on its lease with two five-year options attached that they are unlikely to exercise. Additionally, the building has 700 SF of available space for lease. The dynamics of this property present an array of uses for prospective investor and potential tenants.

Exclusively Listed By

Financing By

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