345 Beachwalk Shr DrSaint Johns, FL 32259

Property Details for 345 Beachwalk Shr Dr

Year built

2024

Property size (Sq ft)

10,841 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Saint Johns

County

St. Johns

State

Florida

Latitude

30.0795

Longitude

-81.4802

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