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Starbucks-Anchored Retail Center For Lease
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155 Palencia Village Dr, St Augustine, FL 32095

Retail center with flexible floorplans, ideal for diverse businesses.

Space Size1,521 SF - 2,465 SF
Property Size21,579 SF
Days on Market736

Property Features for 155 Palencia Village Dr

General Information

Standard status Active
Size 1,521 SF - 2,465 SF
Property subtype Retail, Office, Restaurant
Lease Type NNN

Building Details

Building Size 21,579 SF
Year Built 2007
Tenancy Multiple

Spaces For Lease

at 155 Palencia Village Dr Contact us

Suite 101

Size
1,521 SF
Type
Office, Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 102-104

Size
2,465 SF
Type
Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Cantrell & Morgan
Listed By: Kayla Deguzman · License #FL
Source: Crexi
Added: Aug 24, 2024 Changed: Aug 26 Last Checked: Aug 26 at 11:01AM

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 Cantrell & Morgan

Investment Insights

Based on property information with market context.

Mercado Walk is a Starbucks-anchored retail center located at the main entrance of the Palencia Community. It is currently undergoing renovations and offers a variety of flexible floorplans to suit diverse business needs. Available space includes a 2nd generation medical space, suitable for healthcare providers. The property is located in Saint Johns County, one of the fastest-growing and most affluent areas in Florida. The county has one of the highest per capita and median household incomes in the state.

Key Highlights

  • Located in Saint Johns County, one of the fastest‑growing and most affluent areas in Florida.
  • Anchored by Starbucks at the entrance to the Palencia Community.
  • 2nd generation medical space available, ideal for healthcare providers.

Property Analytics

Current Use

Starbucks Cafe & Coffee Shop

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Pharmacy Kitchen & Bath Showroom Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

287
Businesses Nearby

Demographics for 32095, FL

16,607
Population
6,997
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
96%
High-School Grad
57.4 sq mi
ZIP Area
289
Density / Sq Mi
$124,556
Median Household Income
$51,986
Median Earnings
$1,576
Median Rent
$485,700
Median Home Value

Market

Lease Benchmarks for St Augustine, FL

$22.2 /SF/Yr
Avg Asking Price
$2.5–$38 /SF/Yr
Price Range
6,637 SF
Avg Space Size

This space is priced 67% above the average of $22.2 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail center with flexible floorplans, ideal for diverse businesses.
Where is this retail space located?
The property is located at 155 Palencia Village Dr St Augustine, FL.
What is the lease rate?
The lease rate is $37 SF/Yr.
What are key features of this property?
This property features: Located in Saint Johns County, one of the fastest‑growing and most affluent areas in Florida.; Anchored by Starbucks at the entrance to the Palencia Community.; 2nd generation medical space available, ideal for healthcare providers.
(904) 208-1168 Call to check price and availability
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