Md Now Urgent Care

Newly Acquired Practice Lease: The property is leased to Jacksonville CareNow Urgent Care following HCA Healthcare’s acquisition of Avecina Urgent Care. This transition reflects a broader institutional strategy to expand outpatient access points and reinforces long-term commitment to the location.
“Hands-off” Investment: The lease offers a passive ownership structure with the tenant responsible for the majority of day-to-day operations, including utilities, interior maintenance, taxes, insurance and operating expenses, minimizing landlord involvement.
Attractive Annual Rental Increases: The lease includes 3% annual rental increases, providing consistent income growth and a strong hedge against inflation over the term of ownership.
Highly Affluent Area: The property is located in St. Johns County, one of the most affluent areas in Northeast Florida, with strong household incomes and above-average home values supporting a highly insured patient base. The area’s wealth and continued residential growth provide long-term stability and consistent demand for healthcare services.
Growing Market: St. Johns County continues to experience significant population growth, driven by ongoing residential development and strong in-migration trends. As one of the fastest-growing counties in Florida, this growth supports increasing demand for medical services, outpatient facilities, and long-term healthcare infrastructure.
Need For Service: The continued population growth and aging demographics in the surrounding area drive consistent demand for urgent care and outpatient medical services, reinforcing long-term tenant viability.
Highly Accessible: Strategically located along Race Track Road, a major thoroughfare with strong traffic counts, the property offers excellent visibility and convenient access for patients throughout the greater Jacksonville and St. Johns markets.

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Broker of Record

Kyle Matthews