3915 A1A S
Saint Augustine, FL 32080

The Chetek Group of Marcus & Millichap is pleased to present to qualified investors an opportunity to acquire Shoppes of South Beach (the “Property”), a 12,614 square-foot Winn-Dixie shadow anchored retail strip center, located on A1A South in St. Augustine Beach, FL. This retail asset boasts prime frontage on A1A South, a major thoroughfare in St. Johns County. The center is well served by A1A’s heavy traffic flow and benefits from the signalized traffic light located at the centers entrance. A1A South reported an average daily traffic count of 25,000+ in 2010. This property is only seconds away from the Atlantic Ocean and just 45+/- minutes south of Jacksonville. Other national retailers in the immediate area include Publix, Starbucks, Walgreens, Bank of America, and Compass Bank. Shoppes of South Beach is anchored by Advance Auto Parts who opened July 23rd, 2012 and without an AutoZone, O’Reilly, or NAPA Auto Parts within 7 miles, they are thriving in this location. The remaining tenants are a strong mix of local and regional tenants, many of whom have been operating in this market for several years with proven success; Good Nails has been operating here since 2001. All leases for the subject property are NNN and most include rental increases during the initial lease terms. This provides for an ease-of-management asset through minimal landlord responsibilities and expenses. All but 2 spaces have received new HVAC units within the last 18 months