For Sale
$3,667,000

6995 Longleaf Pine PkwySaint Johns, FL 32259

St. Johns, FL Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 5,040 square foot, three-tenant retail storefront in the thriving Shops at Longleaf Pine, located at 6995 Longleaf Pine Pkwy, Saint Johns, FL 32259. The property boasts a strong tenant lineup including AT&T, Grand Nails, and Jeremiah's, secured by a 10-year triple-net (NNN) lease with rent bumps. The center enjoys a prime location directly across from a high-performing Publix-anchored shopping center, benefiting from significant crossover traffic. This strategically positioned property is part of a larger, rapidly developing retail center, featuring additional national tenants such as Wendy's, Dunkin', Mavis, and Heartland Dental, further enhancing its visibility and appeal. The property sits on a 0.98-acre lot with 28 parking spaces and is situated near Bartram Trail High School, serving a substantial student population and surrounding residential community. The development is within the master-planned RiverTown community, a rapidly growing area projected to house over 10,000 residents, including a planned 335-unit apartment complex. The property offers a 6.00% cap rate with a Net Operating Income (NOI) of $220,004, and includes two 5-year lease options. This is a rare opportunity to acquire a high-performing, net-leased retail property in a rapidly expanding market. The building, constructed in 2024, is a single-story structure.

Highlights

  • New retail development with Wendy's, Dunkin', Mavis, Heartland Dental, and other tenants.
  • Strong tenant synergy drives increased customer traffic.
  • Across from Publix-anchored Shoppes at RiverTown.
  • High-performing Publix (top 91st percentile nationally).
  • Located near Bartram Trail High School (2,666 students).
  • Part of RiverTown, Jacksonville's only riverfront master-planned community.

Property Details for 6995 Longleaf Pine Pkwy

Property type
Retail properties, Retail space
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
42,689 SF

Location Insight

City
Saint Johns
County
St. Johns
State
Florida
Latitude
30.0518406
Longitude
-81.611577
6995 Longleaf Pine Pkwy, Saint Johns, Florida

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6995 Longleaf Pine Pkwy
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