55 Beachwalk Shore Drive, Saint Johns, FL, USA

NO LANDLORD RESPONSIBILITIES 

• 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 



STRONG NATIONAL TENANT 

• 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 

• JAB Holding Co. has a long-term issuer credit rating of ‘BBB+’ from S&P Global Ratings 



STRATEGIC LOCATION 

• The property is located on County Road 210 W in St. Johns, FL with an AADT of 25,000 

• The asset is an outparcel to a the Beachwalk Retail Center currently under construction, which is a 3 million square feet mixed use development consisting of office and commercial spaces 

• Located less than 1,000 feet from Beachwalk Homes, a premier new home community featuring 1,260 homes and a 14-acre Crystal Lagoon 

• The property is located between I-95 and US Hwy 1 N, which have a combined AADT of 143,500 



STRONG DEMOGRAPHICS 

• 25,640 population within a 3-mile radius 

• $166,054 average household income within a 3-mile radius 

• 32,460 homes within a 5-mile radius