828 & 830 Anastasia Blvd

Investment Highlights

Zoned for CL-2 usage

Executive Summary

Opportunity to purchase two significant commercial parcels along the main artery to St. Augustine. Long established restaurant buildings centrally located between Historic St Augustine and St. Augustine Beach. CL-2 zoning allows for continued use as restaurant or flexibility exists with conversion to a variety of permitted uses. Important note is that these buildings have significant elevation and have not flooded in previous storms. The address of 828 Anastasia currently has a tenant in business for 40 years at the end of their current lease. 90 seats but also operating with a 4 COP liquor license. F/F/E, license and assets available separately. Possibility for a lease/option. Owner may separate and sell individually....Each restaurant tenant has a triple net lease. Adjoining property, 830 Anastasia is operating as a 150 seat restaurant currently in first term lease. Great option to own and operate your restaurant or business and let the other tenant share in expenses. Direct highway frontage and visible signage make for a high visibility location along with ample on site parking. Major improvements in 2021/2022. All inquiries are confidential and an NDA must be received prior to release of additional information. Important not to approach tenants as this is an ongoing business.

• Sale Type    Investment NNN
• Sale Condition    Ground Lease (Leasehold)
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
• Building Size    950
• LoopNet Rating    4 Star
• Year Built    2024
• Construction Status    Under Construction
• Price    2,312,000
• Price Per SF    2,434
• Cap Rate    4.85
• NOI    112,115
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.01
• Land Acres    2.41 AC