Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    245 State Road 312 Saint Augustine, FL 32086

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,420,000

    NNN-leased retail asset with zero landlord responsibilities in St. Augustine.

    Property size:
    6,115 SF
    Lot size:
    1.72 Acres

    Property Features for 245 State Road 312

    General Information

    Size
    6,115 SF
    Lot size
    1.72 Acres

    Source: Colliers Agent Eric Carlton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Outback Steakhouse NNN Investment Opportunity

    This single-tenant retail asset is fully occupied by Outback Steakhouse in St. Augustine, FL. The property is a 6,115 SF building on a 1.72-acre parcel. Outback Steakhouse has operated successfully at this location for over 18 years. The lease has 5.8 years remaining in the primary term, with four 5-year option periods and annual rental increases. The property is located on Florida State Road 312 (38,5000 VPD) with access from Dixie Highway (41,900 VPD), in St. Augustine’s retail corridor near Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Walgreens, CVS, Publix, ALDI, Starbucks, McDonald’s, and Chick-fil-A. This NNN-leased retail asset offers zero landlord responsibilities, annual rent increases, and a corporate-backed lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3202011
    Latitude
    29.8661693

    Nearby Similar for Sale

    • $1,149,000
      2,891 SF

      St. Augustine Multifamily Income Property

      Four-unit property in historic St. Augustine with income potential.
      16 Rohde Ave, St Augustine, FL 32084
      View Details
    • $559,900

      Waterfront Historic Gem with In-law

      Restored 1930s waterfront duplex with pool near historic St. Augustine.
      26 Rio Vista Dr, St Augustine, FL 32084
      View Details
    • $5,195,000

      Upscale Boutique Hotel Opportunity

      Three luxury homes, ideal for multifamily vacations and group events.
      16/18/20 Inlet Pl, St Augustine, FL 32080
      View Details
    • $5,195,000

      St. Augustine Boutique Hotel Opportunity

      Three luxury homes, ideal for multifamily vacations and group events.
      16/18/20 Inlet Pl, St Augustine, FL 32080
      View Details
    • $1,225,000

      Historic St. Augustine Duplex Portfolio

      Two restored historic homes in St. Augustine's Abbott Tract.
      16 Locust St, St Augustine, FL 32084
      View Details
    • $1,599,000
      4,514 SF

      Luxurious St. Augustine Duplex Investment

      Turnkey duplex near downtown St. Augustine, ideal for short-term rentals.
      307 Arricola Ave Unit A, St Augustine, FL 32080
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - NNN-leased retail asset with zero landlord responsibilities in St. Augustine.
    Where is this conventional restaurant located?
    The property is located at 245 State Road 312 Saint Augustine, FL.
    What is the asking price?
    The asking price for this property is $4,420,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers worry-free income with zero landlord responsibilities.; - Corporate-backed lease by Blooming Brands, a large restaurant operator.; - Located in St. Augustine's premier retail corridor with high traffic volume.
    (949) 903-3399
    Request Owner's contact information
    245 State Road 312 Saint Augustine, FL 32086
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    245 State Road 312
    Saint Augustine, FL 32086
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245 State Road 312 Saint Augustine, FL 32086
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.