1540 Business Center Dr, Fleming Island, FL 32003

Recently Extended Leases

All three tenants recently executed lease extensions, demonstrating long-term commitment to the property and reducing near-term rollover risk. Precision Imaging and Bella Lei are longstanding occupants that recently renewed, supporting durable cash flow.

Sticky Medical Tenancy

Tenants have invested significant capital into specialized healthcare buildouts and infrastructure. Precision Imaging alone has invested more than $1 million into imaging-specific improvements, creating substantial barriers to relocation and supporting long-term occupancy stability.

Established Healthcare Operators

Precision Imaging and North Florida Eye Surgeons are established regional healthcare providers with multiple locations, strong referral networks, and recognized brands throughout Northeast Florida.

Recession-Resistant Healthcare Services

The property is occupied by providers offering essential outpatient services including diagnostic imaging, ophthalmology, and medical aesthetics, benefiting from favorable demographic and healthcare utilization trends.

Passive Ownership Structure

All tenants operate under net lease structures, with approximately 80% of the rent roll structured as NNN leases and the remaining tenancy operating under a modified net lease. The lease profile minimizes landlord responsibilities while providing a largely passive ownership experience.

Built-In Rent Growth

More than 80% of the rent roll features annual contractual rent increases, providing consistent income growth and a hedge against inflation.

Strategic Fleming Island Location

Positioned within Fleming Island's primary commercial corridor less than one mile from U.S. Highway 17, the property offers excellent accessibility and exposure within one of Northeast Florida's most affluent and growing submarkets.

Affluent & Growing Demographics

The surrounding trade area features average household incomes exceeding $165,000 within three miles and continued population growth driven by in-migration and residential expansion throughout Northeast Florida.