Current Use by Public Records
- Lifestyle centers
Property Details for 345 Beachwalk Shr Dr
- Year built
- 2024
- Property type
- Lifestyle centers
- Property subtype
- Power 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.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Johns
- County
- St. Johns
- State
- Florida
- Longitude
- -81.4802
- Latitude
- 30.0795
