3007 Hartley Road, Jacksonville, FL, USA

Jacksonville, Florida

Google Map

Available Spaces

±3,772

Total Acreage

±0.99

Asking Price

$1,349,760

6.8 Years remaining on an absolute NNN lease with one 5-year option to extend. Rent schedule includes one +2% annual rental increase followed by +3% annual increases throughout the initial term and option period, increasing cash flow and hedging against inflation
The absolute NNN lease provides an attractive management-free investment located in a state with no state income tax
The tenant for the lease (North Florida Oral & Facial Surgery) was recently purchased by Beacon Oral Specialists Management, LLC, a leading dental network with over 100 practices across the country and $1.4 billion in assets under management (AUM)
The heavy investment by the tenant into highly specialized and expensive surgical equipment and build-out cost shows a commitment to the site and a high probability of option renewal
The asset is positioned within a densely trafficked commercial node, neighboring Publix, Whole Foods, multiple medical users, and national credit restaurant chains
The property is approximately 0.2 miles from the on ramp to Interstate 295 from San Jose Boulevard delivering an aggregate AADT of 195,000, one of the most trafficked intersections in Duval County
The site is located within Jacksonville, which ranks 3rd in the nation for economic growth and is the fourth largest metropolitan area in the state of Florida
Daytime population of 11,153 within a 1-mile radius
$138,391 average household income within a 1-mile radius