55 Beachwalk Shore Drive, Saint Johns, FL, USA

St. Johns, Florida

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Total Square Feet

±3,200 SF

Asking Price

$3,648,000

NOI

$182,400

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 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, growing NOI and hedging against inflation
The lease is signed by Panera, LLC, a subsidiary of the corporate entity
Panera Bread, which was acquired by JAB Holding Company in 2017, a leading quick-casual restaurant brand with over 2,100 locations