11030 Baymeadows Rd, Jacksonville, FL for sale

Investment Overview

NAI Hallmark, as exclusive advisor, is privileged to present the opportunity to acquire 8505 Baymeadows Road & 11030 Baymeadows Road in Jacksonville, Florida (collectively, the “Portfolio”). The Portfolio is comprised of two NNN-leased veterinary and pet care properties on Baymeadows Road. At 11030 Baymeadows Road is a 19,724 square foot urgent care and pet resort on 1.83 acres operated as Furever Vets Central, the flagship of the Forever Vets network. At 8505 Baymeadows Road is a two-building, 0.69 acre site consisting of the 4,068 square foot Forever Vets Animal Hospital at Baymeadows and a 9,960 square foot Camp Bow Wow daycare and boarding facility. Both Forever Vets locations are subject to new five-year NNN leases with CareVet LLC, an operator of 220+ veterinary hospitals, and the Camp Bow Wow location is under a NNN lease to a multi-unit franchisee, offering exceptional cross-business to the pet hospital. The Portfolio fronts Baymeadows Road, a primary east/west arterial through Jacksonville’s Southside, surrounded by dense residential neighborhoods and the region’s largest concentration of office employment. The properties may be acquired individually or as a portfolio.

Investment Highlights

• NEW NNN LEASES WITH A NATIONAL VETERINARY OPERATOR: CareVet LLC, a St. Louis-based operator of 220+ veterinary hospitals with 575+ licensed veterinarians and 3,000+ team members, executed brand new 5-year NNN leases at both Forever Vets locations in May 2026. Each lease carries 2.5% annual rent increases, four 5-year renewal options with 3% annual increases, and tenant responsibility for taxes, insurance, utilities and day-to-day maintenance.
• ESTABLISHED, HIGH PERFORMING LOCATIONS: Forever Vets was founded in 2013 with a single Baymeadows hospital and has grown to eleven Florida locations. 11030 Baymeadows is the network’s flagship “Central” campus, offering urgent and emergency care until midnight alongside a full-service pet resort, while 8505 Baymeadows is the brand’s original full-service animal hospital.
• DIVERSIFIED PET CARE INCOME: In addition to the Forever Vets animal hospital, 8505 Baymeadows includes a 9,960 square foot Camp Bow Wow, North America’s largest dog daycare and boarding franchise with 225+ locations. The 10-year lease runs through September 2034 with 3% annual increases and one 5-year option.
• PRIME BAYMEADOWS CORRIDOR LOCATION: Baymeadows Road (SR 152) is one of Southside Jacksonville’s primary east/west arterials, connecting San Jose Boulevard, I-95, Southside Boulevard and I-295. The properties sit between the Baymeadows and Deerwood office parks and the St. Johns Town Center, in one of the most densely populated and affluent trade areas in Northeast Florida.
• FAST GROWING MAJOR METRO IN FLORIDA WITH NO STATE INCOME TAX: This offering provides the opportunity to invest in the Jacksonville MSA, which is benefiting from major population and employment growth. Jacksonville has enjoyed some of the largest net population inflows in the country and was named the #2 hottest job market in America by the Wall Street Journal in 2024.