For Sale
$7,345,000

345 Beachwalk Shr DrSaint Johns, FL 32259

100% Leased Retail Center, St. Johns, FL

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 10,841 square foot, fee-simple retail center, built in 2024, presents a compelling investment opportunity. Located at the main signalized entrance to the 1,200-acre Beachwalk master-planned community in St. Johns County, Florida, this property boasts a prime corner location, sharing a traffic signal with major national brands like Publix, Starbucks, Chipotle, and Panera Bread. The center is 100% occupied by a diverse mix of national and regional tenants under new 10-year NNN leases, ensuring stable, long-term income. The asking price is $7,345,000, representing a 6.25% cap rate and a strong NOI of $459,104. Rent bumps vary according to lease agreements. The property benefits from its location in St. Johns County, Florida's fastest-growing county in 2022, with a high average household income within a 3-mile radius. The new construction features a transferable roof warranty, minimizing maintenance obligations and maximizing cash flow. Fixed rental increases provide an inflation hedge, while fee simple ownership allows for depreciation benefits. This is a rare opportunity to acquire a trophy asset in a high-growth market with exceptional tenant quality and long-term lease security. The address is 345 Beachwalk Shr Dr, Saint Johns, FL 32259. The property consists of one building and offers a significant return on investment.

Highlights

  • Prime corner location with signalized access to Beachwalk, Publix, Starbucks, Chipotle, and Panera Bread.
  • Strong tenant mix of expanding national and regional quick-service restaurants and service businesses.
  • Located in St. Johns County, Florida's #1 fastest-growing county in 2022, with a $150,000 average household income within 3 miles.
  • Investment-grade, 10-year NNN leases with tenant responsibility for taxes, CAM, insurance, and administrative fees.
  • New construction with a transferable roof warranty, minimizing maintenance and ensuring stable cash flow.
  • Built-in inflation protection via fixed rental increases.

Property Details for 345 Beachwalk Shr Dr

Property type
Lifestyle centers, Power centers
Square Feet
10,841 SF
Year Built
2024
Buildings
1

Location Insight

City
Saint Johns
County
St. Johns
State
Florida
Latitude
30.0795042
Longitude
-81.4801658
345 Beachwalk Shr Dr, Saint Johns, Florida

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345 Beachwalk Shr Dr
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