4325 Myrtle St | Saint Augustine, FL 32084
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- LoopNet Team
4325 Myrtle St
Saint Augustine, FL 32084
Cap's On The Water Ground Lease · Retail Property For Sale
Investment Highlights
- Long lease term | 15-year sale leaseback
- One of the highest grossing dining operations in metro Jacksonville/St Austine | 2021 revenues projected to be above $10MM
- Extensive history at property site | Operating since 1960 | Restaurant revenue has increased 13+ fold over the last 20 years
- Absolute Net Ground Lease | Zero landlord responsibilities
- Approx. tenant investment of $500K from 2016-2018 for renovations
- Affluent surrounding area within a 1-mile radius | $168,273
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,416 SF
Building Class
B
Year Built/Renovated
1960/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.13 AC
Zoning
Commercial
Parking
15 Spaces (13.28 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $616,968 | |
| Land Assessment | $3,808,432 | Total Assessment | $4,425,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,808,432
Improvements Assessment
$616,968
Total Assessment
$4,425,400
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