St Johns Retail Investment Opportunity
Description
This St Johns retail investment offers a newly constructed, absolute NNN ground lease with long-term income stability and zero landlord responsibilities in a high-growth Florida market.
Investment Highlights
- 15-Year Lease Term – Long-term absolute NNN ground lease provides secure, predictable income with scheduled rent increases.
- Zero Landlord Responsibilities – Tenant is responsible for all expenses, including maintenance, taxes, insurance, and structure.
- New Construction – Built in 2026, offering modern design and minimal future capital expenditure needs.
- Strong Franchise Operator – Backed by the largest franchisee within a nationally recognized automotive service brand.
- Ground Lease Structure – Investor benefits from land ownership with long-term passive income generation.
- Tax-Advantaged Location – Situated in Florida, a state with no personal income tax.
- Dense Residential Growth – Surrounded by multiple large-scale housing developments that provide a built-in and expanding customer base.
- Retail Synergy – Located adjacent to a grocery-anchored retail center within a dense commercial corridor.
- Excellent Traffic Exposure – Near Interstate 95 with approximately 118,000 vehicles per day and fronting a major county road with strong daily traffic counts.
- High-Growth County – St. Johns County continues to report impressive annual population and economic growth projections.
- Affluent Demographics – Immediate trade area supported by strong household incomes, many exceeding six figures.
Address
Overview
- Property ID 14481
- Price $1,800,000
- Property Type Retail
- Property status For sale
- Year Built 2026
- Size 1,884 SqFt
- Sub Type Auto Shop, Storefront
- Investment Type Net Lease
- Class A
- Lease Type Absolute NNN
- Tenant Credit Franchisee
- Tenancy Single
- Brand/Tenant Valvoline
- Lease Term 15 years
- Lease Commencement 03/01/2026
- Lease Expiration 02/28/2041
- Remaining Term 15.2 years
- Cap Rate 5.00%
- Occupancy 100%
- NOI $90,000
- Zoning Commercial
- Rent Bumps 10% Every 5 Years Including Options
- Lease Options 4 (5-Year)
- Ground Lease Yes
- Ownership Leased Fee
