This exceptional investment opportunity presents a 6,115 square foot, single-tenant, absolute NNN leased retail property in St. Augustine, Florida. The property, located at 245 FL-312, sits on a 1.72-acre lot and is fully occupied by an Outback Steakhouse, part of the Bloomin' Brands portfolio (NASDAQ: BLMN). The lease, commencing May 18, 2016, has a remaining term of approximately 6.5 years with four 5-year option periods, ensuring long-term stability. The property boasts a strong 5.25% cap rate and a Net Operating Income (NOI) of $249,132, with annual rent increases built into the lease. Situated in a prime retail corridor alongside major national retailers such as Walmart, Target, Home Depot, and Lowe's, this location benefits from high visibility and significant traffic volume on Florida State Road 312 (38,500 vehicles per day) and Dixie Highway (41,900 vehicles per day). The property's strong tenant history, coupled with the corporate guarantee and minimal landlord responsibilities, makes this an attractive, low-risk investment with significant potential for long-term, inflation-resistant cash flow. The asking price is $4,745,000, translating to a price per square foot of $775.96. The property's APN is 135075 0060. This is a rare opportunity to acquire a well-established, high-performing retail asset in a thriving Florida market.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Eric Carlton
Jereme Snyder
Robert W. Selton, III
Randy Heaviside
Monica Robles
Visit Broker Website
Learn more
Useful Information
Request information
245 Fl-312, St. Augustine, Florida, 32086
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
245 Fl-312
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.