6271 St Augustine Rd Jacksonville, FL 32217

This exceptional investment opportunity presents a 21,149 square foot medical office building in Jacksonville, Florida, currently leased to UF Health under a Net Net (NN) lease with a corporate guarantee. The property boasts a 6.75% cap rate and a remaining lease term of approximately 3.1 years, extending to December 31, 2027. Built in 1963 and renovated in 2020 (including a new roof), the single-building property sits on a 0.69-acre lot and includes 402 parking spaces. The lease features annual 3% rent bumps, providing consistent income growth. Located at 6271 St Augustine Rd, Jacksonville, FL 32217, the property benefits from a strong demographic profile, including a high average household income within a 3-mile radius and proximity to major hospitals, retail centers, and the University of North Florida. The property's location within a dense retail corridor and its proximity to a large concentration of families makes it an ideal location for a pediatric center. The asking price is $4,402,000, representing a price per square foot of $208.14. The property's Net Operating Income (NOI) is $297,143. This is a 100% occupied, single-tenant property with a long operating history, offering a compelling investment opportunity with significant upside potential. The permitted zoning is commercial.