4508 Us-1

Investment Highlights

Prime location on US-1 N, 25,000 cars/Day Located on Northbound side of US-1 to catch morning commuter traffic to Jacksonville Seller Financing Considered for Qualified Owner-Operators Strong Local Trade area with Captive Daytime Population-The single largest employer in St. Johns, Northrop Grumman, within 500' of site. CG Zoning- Allows majority of retail uses by right, including Drive-Thru

Executive Summary

Market Force CRE, as exclusive advisor to the Seller, is pleased to present 4508 US-1, St. Augustine, FL to the market for sale. 4508 US-1 is a freestanding 2nd generation restaurant building located on approximately .46 acres. Zoned Commercial General in St. Johns County, the property is zoned for restaurant, liquor store, drive thru, bank, cannabis/medical dispensary, and other general retail uses. St. Johns County is one of the fastest growing counties in the entire U.S., with over 416,000 square feet of retail recently delivered in the last 12 months. However, the urban core of St. Augustine still remains underdeveloped, and prime retail opportunities on US-1 this close to the downtown St. Augustine are few. This property?s competitive advantage is its proximity to the downtown St. Augustine core, while still being accessible to over 20,000 newly built homes in St. Johns County. US-1 acts as the primary commuter corridor from St. Augustine to Jacksonville FL, and this property?s positioning along the northbound side provides an ideal opportunity to not only capture morning commuter business, but also the captive workforce populations at the St. Johns County Government Complex less than 500? away across US-1 and the Northeast Florida Regional Airport and Northrup Grumman Northeast FL headquarters less than 400? to the north.With 585 luxury apartments recently delivered in 2018 and the luxury waterfront Madeira master planned subdivision (228 units in delivery), there is an extremely affluent local demographic located less than 1 mile from the site.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Drugstore General Retail Fast Food Restaurant
• Building Size    2,813
• Building Class    B
• Year Built    1984
• Price    1,700,000
• Price Per SF    604
• Cap Rate    7.65
• NOI    130,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.14
• Land Acres    0.46 AC