Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Shops at Beachwalk. This newly constructed multi-tenant retail center is 100% leased by a mix of national and regional tenants with new 10-year NNN leases. The property is strategically located at the main signalized entrance to Beachwalk, a 1,200-acre master-planned community featuring over 1,250 homes, 400,000 SF of commercial space, 130 hotel rooms, and a 14 Acre Crystal Lagoon. Possession of the building was turned over to the tenants in April with rent commencing this Spring/Summer.
Investment Highlights
Trophy Real Estate
Irreplaceable corner location that shares a traffic light with Beachwalk, Publix, Starbucks, Chipotle and Panera Bread
Excellent Tenant Mix
Rent is secured by mix of national and regional quick-service restaurants and service-based tenants that are actively expanding across the US
Top Florida Growth Market
St. Johns tanked as the #1 fastest growing County in Florida in 2022 and boasts a $150,000 AHHI within 3 miles
Rare 10-Year NNN Leases
Tenants reimburse for Taxes, CAM, Insurance, and Administration fees
New Construction
Brand new building with transferable roof warranty provides limited maintenance obligations and stable cash-flow
Inflation Hedge
Fixed rental increases provides hedge against inflation
Depreciation
Fee simple ownership allows for depreciation, boosting after-tax returns
Florida
Florida has no state income tax and in 2022 ranked as the fastest growing State in the US
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