Inpatient Rehabilitation
1900 CORPORATE SQ BLVD, Jacksonville, FL 32216
For Sale
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The healthcare campus provides inpatient treatment and medical detox services under an absolute NNN lease.
Property Size134,495 SF
Lot Size12.80 Acres
Price / SF$342.78
Days on Market47
Property Features for 1900 CORPORATE SQ BLVD
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Gabriel Britti · License FL SL3211804
(518) 269-0496
Source:
Crexi
Added: Sep 24
Changed: Nov 6
Last Checked: Nov 8 at 6:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
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Investment Insights
Based on property information with market context.
This 134,495-square-foot rehabilitation facility occupies 12.8 acres in Jacksonville. Its operations include medical detox, inpatient care, and drug and alcohol treatment, and it is identified with the Lakeview Health brand. The property is leased on an absolute NNN basis, with annual rent increases. The lease began March 31, 2017, for an initial 20-year term, with approximately 12 years of base term remaining.
At 1900 Corporate Square Blvd., the property is positioned along the Atlantic Boulevard corridor in Jacksonville’s Southside/Arlington submarket. The surrounding five-mile population exceeds 228,000. Bradford Health Services acquired Lakeview Health in September 2024 and backs the lease; Bradford operates a network of 40 facilities offering treatment across multiple levels of care.
At 1900 Corporate Square Blvd., the property is positioned along the Atlantic Boulevard corridor in Jacksonville’s Southside/Arlington submarket. The surrounding five-mile population exceeds 228,000. Bradford Health Services acquired Lakeview Health in September 2024 and backs the lease; Bradford operates a network of 40 facilities offering treatment across multiple levels of care.
Key Highlights
- 134,495‑square‑foot rehabilitation facility on 12.8 acres
- Medical detox, inpatient treatment, and drug and alcohol rehabilitation operations
- Absolute NNN lease with annual rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,178,819
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$43,576,380
$43.6M
Cap Rate 7%
$31,125,986
$31.1M
Cap Rate 9%
$24,209,100
$24.2M
Market Conditions
NOI Build-Up for 134,495 SF
Gross rent
$4.03M $30.00/SF
− Vacancy
−$403.5K −$3.00/SF
EGI
$3.63M $27.00/SF
− OpEx
−$1.45M −$10.80/SF
NOI
$2.18M $16.20/SF
Area
Jacksonville, FL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$43,576,380
Cap Rate 7%
$31,125,986
Cap Rate 9%
$24,209,100
Alternative Uses
Best Use
Healthcare Medical
$31.13M
$27.24M – $36.31M
NOI $2,178,819 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$36.84M
$32.24M – $42.98M
NOI $2,579,076 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
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Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
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Business Placement
Demographics for 32216, FL
42,847
Population
19,796
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
12.7 sq mi
ZIP Area
3,374
Density / Sq Mi
$63,253
Median Household Income
$44,078
Median Earnings
$1,311
Median Rent
$244,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - The healthcare campus provides inpatient treatment and medical detox services under an absolute NNN lease.
Where is this rehabilitation center located?
The property is located at 1900 CORPORATE SQ BLVD Jacksonville, FL.
What is the asking price?
The asking price for this property is $46,102,653.
What are key features of this property?
This property features: 134,495‑square‑foot rehabilitation facility on 12.8 acres; Medical detox, inpatient treatment, and drug and alcohol rehabilitation operations; Absolute NNN lease with annual rent increases
