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Shops at Beachwalk 345 Beachwalk Shore Dr

10,841 SF 100% Leased Retail Building Saint Johns, FL 32259 $7,652,000 ($706/SF) 6% Cap Rate

Investment Highlights

  • Irreplaceable corner location that shares a traffic light with Beachwalk, Publix, Starbucks, Chipotle and Panera Bread
  • Tenants reimburse for Taxes, CAM, Insurance and Administration fees
  • Fixed rental increases provides hedge against inflation
  • Rent is secured by mix of national and regional quick-service restaurants and service-based tenants that are actively expanding across the US
  • Brand new building with transferable roof warranty provides limited maintenance obligations and stable cash-flow
  • Fee simple ownership allows for depreciation boosting after tax returns

Executive Summary

Irreplaceable corner location that shares a traffic light with Beachwalk, Publix, Starbucks, Chipotle and Panera Bread. Rent is secured by mix of national and regional quick-service restaurants and service-based tenants that are actively expanding across the US. Tenants reimburse for Taxes, CAM, Insurance and Administration fees. Brand new building with transferable roof warranty provides limited maintenance obligations and stable cash-flow. Fixed rental increases provides hedge against inflation. Fee simple ownership allows for depreciation boosting after tax returns.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,841 SF
Year Built
2024
Price
$7,652,000
Price Per SF
$706
Cap Rate
6%
NOI
$459,120
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.73 AC

Nearby Major Retailers

BurgerFi
Starbucks
Publix Super Market
Fifth Third Bank
BJ's Wholesale Club
  • Listing ID: 31691685

  • Date on Market: 5/3/2024

  • Last Updated:

  • Address: 345 Beachwalk Shore Dr, Saint Johns, FL 32259

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