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Valvoline - Jacksonville (St Johns) FL 1546 Beacon Lake Pkwy St 1,884 SF Retail Building Saint Augustine, FL 32095 $2,462,940 CAD ($1,307.29 CAD/SF) 5% Cap Rate
Investment Highlights
- Prime location within Beachwalk, a master-planned community featuring a 14-acre Crystal Lagoon and over 3 million square feet of mixed-use space.
- Surrounded by affluent residential developments, including The Cove, Atlantica Isles, and Elysian, with average household incomes exceeding $198,000.
- Located in St. Johns County, the 10th fastest-growing county in the U.S., with projected annual growth rates of 9.51% in the immediate trade area.
- Exceptional visibility along County Road 210 with traffic counts of 16,500 VPD and immediate access to Interstate 95, serving 118,000 VPD.
- Anchored by Publix and complemented by national retailers such as Starbucks, Walmart Supercenter, CVS, and The Home Depot, ensuring strong co-tenancy.
- Minutes from Jacksonville and St. Augustine, offering a blend of suburban convenience and regional connectivity.
Executive Summary
• The tenant just signed a 15-year lease with 4 (5-year) options to extend
• Guaranteed lease by QAS Holdings, LLC, Valvoline’s largest franchisee, with over 225 locations across 13 states
• In 2022, Carousel Capital made a significant investment in QAS Holdings to fuel continued growth of the franchisee’s operation
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflationF
• The newly-constructed building features a state-of-the-art design with high-quality materials
• Guaranteed lease by QAS Holdings, LLC, Valvoline’s largest franchisee, with over 225 locations across 13 states
• In 2022, Carousel Capital made a significant investment in QAS Holdings to fuel continued growth of the franchisee’s operation
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflationF
• The newly-constructed building features a state-of-the-art design with high-quality materials
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
1,884 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$2,462,940 CAD
Price Per SF
$1,307.29 CAD
Cap Rate
5%
NOI
$123,147 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.15 AC
Zoning
PD - Planned Development
Parking
10 Spaces (5.31 Spaces per 1,000 SF Leased)
Amenities
- Signage
Nearby Major Retailers
1 of 12
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Valvoline - Jacksonville (St Johns) FL | 1546 Beacon Lake Pkwy St
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