Mavis Tires Absolute NNN
2875-C State Road 16, St Augustine, FL 32092
For Sale
Contact for pricing
The single-tenant property is leased under a new 20-year absolute NNN agreement with scheduled rent increases.
Property Size7,000 SF
Lot Size1.16 Acres
Price / SF$353.43
Days on Market13
Property Features for 2875-C State Road 16
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
Patrick Nutt · License FL BK3120739
(954) 302-7365
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 5:25PM
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 SRS Real Estate Partners Tampa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Mavis Tires & Brakes occupies a 7,000-square-foot building completed in 2026 on a 1.16-acre site. The property is part of a new retail development and is leased to a single tenant under an absolute NNN structure.
The lease has a 20-year term, with rent increases of 10% every five years. The property is at 2875-C State Road 16 in St. Augustine, Florida, within the Jacksonville MSA.
The lease has a 20-year term, with rent increases of 10% every five years. The property is at 2875-C State Road 16 in St. Augustine, Florida, within the Jacksonville MSA.
Key Highlights
- 7,000‑square‑foot Mavis Tires & Brakes building completed in 2026
- 1.16‑acre site within a new retail development
- Single‑tenant absolute NNN lease with a 20‑year term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,115
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,582,300
$1.6M
Cap Rate 7%
$1,130,214
$1.1M
Cap Rate 9%
$879,056
$879.1K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$126.0K $18.00/SF
− Vacancy
−$13.0K −$1.85/SF
EGI
$113.0K $16.15/SF
− OpEx
−$33.9K −$4.84/SF
NOI
$79.1K $11.30/SF
Area
St. Johns County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,582,300
Cap Rate 7%
$1,130,214
Cap Rate 9%
$879,056
Alternative Uses
Best Use
Retail
$1.13M
$988.9K – $1.32M
NOI $79,115 @ 7.0% cap · market cap 3.20%
Second Best
Industrial
$706.5K
$618.2K – $824.2K
NOI $49,454 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,704 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 32092, FL
43,691
Population
18,403
Households
2.4
Avg Household Size
40
Median Age
49%
College-Educated
94%
High-School Grad
124.1 sq mi
ZIP Area
352
Density / Sq Mi
$122,655
Median Household Income
$58,855
Median Earnings
$2,087
Median Rent
$464,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - The single-tenant property is leased under a new 20-year absolute NNN agreement with scheduled rent increases.
Where is this nnn property located?
The property is located at 2875-C State Road 16 St Augustine, FL.
What is the asking price?
The asking price for this property is $2,474,000.
What are key features of this property?
This property features: 7,000‑square‑foot Mavis Tires & Brakes building completed in 2026; 1.16‑acre site within a new retail development; Single‑tenant absolute NNN lease with a 20‑year term
