55 Beachwalk Shore Drive - Restaurant FOR SALE
Saint Johns, FL 32259 |
$3,840,000 USD
727-452-6864
55 Beachwalk Shore Drive
Saint Johns, FL 32259
HIGHLIGHTS
- Brand-new, absolute NNN, 10-year lease with three (3) five-year options to extend, demonstrating their long-term commitment to the site
- Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
- Ideal, management-free investment for a passive investor in a state with no state income tax
- The lease features 10% rental increases every 5 years throughout the original term and at the beginning of each option period
- The lease is signed by Panera, LLC, a subsidiary of the corporate entity
- Located less than 1,000 feet from Beachwalk Homes, a premier new home community featuring 1,260 homes and a 14-acre Crystal Lagoon
FOR SALE DETAILS
PRICE
$3,840,000 USD
PRICE/SF
$1,200 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Panera Bread
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
023700-0166
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727-452-6864
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727-452-6864
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