St Johns, FL - Longleaf Center

$3,667,000

6995 Longleaf Pine Pkwy, St Johns, FL 32259

For Sale

Retail

Active

Last Updated: 02/14/2025

Details:

Cap Rate: 6%

NOI: $220,004

Building Size: 5,040 sqft

Offered by

Patrick Nutt

Sr Managing Principal & Co-Head of National Net Lease

SRS Capital Markets

#FL License No. BK3120739

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Will Wamble

EVP & Principal

SRS Capital Markets

#FL License No. SL3257920

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Description:

• Opportunity to acquire the Longleaf Center, a brand new three-tenant strip in St. John’s, FL
• The 100% occupied building features tenants operating under NNN leases, limiting expense obligations for a future investor
• The landlord will be responsible for the roof, structure, and foundation

• The Longleaf Center development is part of the master planned community called RiverTown currently under construction
• RiverTown is the only riverfront master-planned community in Jacksonville. About 150 families currently live there, and it is approved for up to 4,950 homes, meaning that more than 10,000 people will eventually call this sought-after and family-friendly neighborhood home (more info HERE)
• The development will feature six neighborhoods: Arbors West, Bluffs, Ravines, Settlement, Shores, Watersong, and more
• A 335-unit apartment community is also planned for RiverTown, the first multifamily development in the master-planned community