Matthews Logo

Navigation Menu

3690 St Johns Bluff Rd S, Jacksonville, FL, 32224

Baptist Health
closed

Key Information

Cap Rate
7.25%
$ per SF
$432
Tot. SF
7,474
Year Built
1998/R 2005
Term Remaining
±5 YRS
Type
Healthcare
Occupancy
100%
NOI
$234,011

Highlights

  • Passive Ownership: The modified NNN lease offers investors a hands-off ownership experience and predictable income, with the tenant responsible for operating expenses such as taxes, insurance, and maintenance.

  • Growing Market: The U.S. pediatric healthcare market is projected to grow from $15.93 billion in 2025 to $19.38 billion by 2030.

  • Top Health System: Baptist Health, a non-profit health system based in Jacksonville, FL, is the largest in northeast Florida. It provides over 816,000 primary care visits across nine counties in Florida and Georgia, with an operating revenue of $3.3 billion.

  • Income Tax-Free State: Florida has no state income tax and has recently eliminated the sales tax on commercial rental income, improving investor cash flow compared to higher-tax states.

  • Top City of Florida: Jacksonville, with over one million residents, is the largest city in Florida and ranks among the top ten largest cities in the U.S.

Photos

Location

Agents

Financing Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203