MD Now Urgent Care
Retail | 7.00% CAP | 2,480 SqFt
Marketing description
Matthews™ is pleased to exclusively present the opportunity to acquire a single-tenant urgent care investment located in St. Johns County, Florida, leased to Jacksonville CareNow Urgent Care, operating under HCA Healthcare's MD Now platform.
The property is secured by a newly executed lease following HCA Healthcare's acquisition of Avecina Urgent Care, reflecting a broader institutional strategy to expand outpatient access points in high-growth markets. The lease includes 3% annual rental increases, providing investors with consistent income growth and a strong hedge against inflation throughout the hold period.
Strategically located in St. Johns County, one of the most affluent and fastest-growing counties in Northeast Florida, the property benefits from strong household incomes, above-average home values, and continued residential development. These factors support a highly insured patient base and drive long-term demand for healthcare services and outpatient facilities.
The location has operated as a successful urgent care facility for several years under Avecina Urgent Care, establishing a strong patient base and consistent volume within the community. Now operating under HCA Healthcare's MD Now platform, one of the largest healthcare systems in the United States, the site benefits from institutional backing, scalable infrastructure, and strong brand recognition, supporting long-term stability and continued patient demand.
As the healthcare industry continues to shift toward outpatient care, the urgent care sector remains one of the fastest-growing segments, driven by population growth, convenience-based care demand, and cost-efficient alternatives to traditional emergency services. Backed by institutional tenancy, strong market fundamentals, and a proven operating history, this offering presents a stable, income-producing asset positioned for long-term growth.
Investment highlights
- 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.
- Leading Provider: MD Now, HCA Healthcare's urgent care platform in Florida, operates one of the largest urgent care networks in the state, providing scalable infrastructure, operational efficiency, and strong brand recognition. Backed by HCA's broader healthcare system, the platform benefits from established processes, centralized support, and the ability to drive consistent patient volume across its locations. Long Standing Local Presence: Prior to MD Now / HCA's acquisition, the location had been a long-standing location operated by Avecina Urgent Care a prominent regional urgent care operator with deep-rooted presence within the community. This operating history reinforces the site's proven performance and reduces leasing risk, as the location is already well-known and utilized by the surrounding population.
- Billion Dollar Hospital System Affiliation: The tenant operates under HCA Healthcare, one of the largest hospital systems in the United States, with a national network of hospitals, outpatient facilities, and urgent care centers. This affiliation provides strong institutional backing, access to a broad referral network, and integration into a larger healthcare ecosystem that supports long-term operational stability.
- Growing Billion Dollar Market: The U.S. urgent care market continues to expand rapidly, driven by population growth, convenience-based care demand, and the ongoing shift toward outpatient services. As patients increasingly seek accessible, cost-effective alternatives to traditional emergency care, urgent care centers play a critical role in healthcare delivery, supporting long-term growth and sustainability for operators in the sector.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
