St. Augustine, FL - Shell

Description:

• The tenant has over 15 years remaining on its lease with 2 (10-year) option periods to extend
• The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease is both personal and franchisee guaranteed (28-unit operator)

• The asset is located near the signalized, hard corner intersection of International Golf Pkwy and Central PL Way with a combined 28,000 vehicles passing by daily
• Nearby national/credit tenants include Costco, Wendy’s, Burger King, Bass Pro, Dollar General and many more
• The site is in close proximity to Eight Winds Apartments (280 units), further increasing consumer traffic to the immediate trade area
• The asset has excellent visibility and multiple points of ingress/egress