245 State Road 312 Saint Augustine, FL
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NNN-leased retail asset with zero landlord responsibilities in St. Augustine.
Type:RETAIL
Property size:
6,115 SFLot size:
1.72 Acres- Added:
- Sep 2, 2025
- Days on Market:
- 213
- Last Refresh:
- Apr 1 at 10:14 pm
Property Features for 245 State Road 312
General Information
- Standard status
- Active
- Size
- 6,115 SF
- Lot size
- 1.72 Acres
- Property subtype
- RETAIL
Listing agent Eric Carlton (949) 903-3399
Listing office Colliers (949) 903-3399
Listing date Sep 2, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Saint Augustine
- County
- St. Johns
- State
- Florida
- Longitude
- -81.3202
- Latitude
- 29.8662
Nearby Similar for Sale
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.
