CBRE Inc., as the exclusive advisor, is pleased to present “Global Bites,” a
distinctive net-leased food truck park featuring a +/- 6,226 square foot
restaurant on a +/- 1-acre site at 2455 State Road 16, St. Augustine,
Florida. This vibrant venue is poised to become the largest food truck
park in Northeast Florida, accommodating up to 17 food trucks offering
a wide variety of cuisines, complemented by a bar serving 24 specialty
draft beers from around the globe. Located in a highly visible area at
the intersection of I-95 and State Road 16, this site benefits from daily
traffic exceeding 200,000 vehicles and is well-known within the local
community, surrounded by over 15 hotels and the St. Augustine Premium
Outlets.
The local market is experiencing substantial growth with virtually no
vacancy among over 1.4 million square feet of retail properties within a
one-mile radius of the site. With no new retail developments currently
underway and a rapidly growing population, rental rates are expected to
rise significantly. This location presents a unique opportunity to leverage
the area’s impressive growth, making it one of the fastest-growing
counties in the United States.