2455 State Road 16 - Restaurant FOR SALE


Saint Augustine, FL 32092
$3,400,000 USD
954-331-1726
2455 State Road 16, Saint Augustine, FL for Sale
$3,400,000 USD
Restaurant - FOR SALE
1/7
null | 6.6% Cap Rate

2455 State Road 16
Saint Augustine, FL 32092


HIGHLIGHTS

  • Largest Food Truck Park in Northeast Florida at I-95 and State Road 16, visible to over 200,000 vehicles daily
  • Well-known location adjacent to over 15 hotels and St. Augustine Premium Outlets, ensuring consistent customer traffic
  • Infill location on nearly an acre of coveted retail space with minimal local market vacancy
  • Positioned in one of the nation’s fastest-growing counties, with no new retail developments ensuring strong rental growth potential

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$535 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Global Bites Food Truck Park

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

CHT

APN/PARCEL ID

087510-0000,087515-0000

ASK ABOUT THIS PROPERTY

954-331-1726

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954-331-1726

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