Property & Location

• Healthcare Real Estate – Healthcare properties are highly sought after for their resistance e-commerce and resilience against economic downturns
• Ideal 1031 Exchange Property – With a long-term lease, recession resistant tenant, strong location, and a corporate guarantee, this is an ideal property for local or out of state investors looking for a passive investment
• Sticky Investment – Dental and orthodontic clinics rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving
• Robust Retail Area – The adjacent retail corridor is home to dozens of national tenants, including Target, Walmart, Publix, and Home Depot
• Strong Healthcare Corridor – The other condos in the office park are home to a diverse mix of different medical specialties
• High Traffic Area – The property sits right off of Hwy 17, which sees over 40,000 cars per day outside of the property
• Zero Income Tax – Florida has no state income tax

Tenant & Industry

• MB2 is a Dental Support Organization with over 800 locations across the country. They expand by acquiring existing and successful dental practices that are already established within their market
• $180 Billion Industry – Dentistry is one of the largest industries in medicine and grows by an average of 2.4% annually
• 2021 Practice acquisition—MB2 partnered with this practice in 2021, demonstrating a long-term commitment to the location and the Jacksonville MSA