NNN Properties · St. Johns County
NNN Properties for Sale in St. Augustine
St. Augustine offers one of the most attractive NNN investment markets in Central Florida. Population growth, strong retail demand, and credit tenant expansion have made St. Augustine a priority market for passive net-lease investors and 1031 exchange buyers looking for stable cash flow with zero management.
About St. Augustine
St. Augustine is the oldest continuously inhabited European-founded city in the United States and one of Florida's most distinctive tourism-driven commercial markets. The historic district's walkable retail and hospitality fundamentals, combined with strong residential growth in surrounding St. Johns County, support a diverse commercial investment base.
Market highlights
- •Oldest continuously inhabited European-founded city in the US
- •Major tourism economy with year-round visitor base
- •St. Johns County — one of the fastest-growing counties in the US
- •Flagler College anchors a stable educational economy
- •Outlet malls and World Golf Village support regional retail draw
Major employers
- •Flagler Health+
- •Flagler College
- •Tourism and hospitality
- •World Golf Hall of Fame
Demographics
Median household income ~$60,000 in the city, ~$100,000+ in surrounding St. Johns County. Strong tourism and retiree demographic base.
Why Invest in NNN Properties in St. Augustine
- ✓Absolute net lease structures with zero landlord responsibilities
- ✓Corporate-guaranteed rent from investment-grade tenants
- ✓Long lease terms (typically 10-20 years) with predictable escalations
- ✓Ideal for 1031 exchange replacement property
- ✓Institutional-quality income without institutional deal size
Typical NNN Properties Tenants in St. Augustine
NNN properties are best suited for passive investors and 1031 exchange buyers looking for mailbox-money cash flow backed by corporate guarantees.
Why Investors Buy NNN Properties in St. Augustine
NNN investors are drawn to St. Augustine for the same reasons operators are expanding here — strong demographics, growing population, and a retail environment that supports credit tenant expansion. Deals priced between $1.5M and $5M trade actively in this market, making St. Augustine accessible to both 1031 exchange buyers and first-time NNN investors.
What to Look for in a St. Augustine NNN Deal
The best St. Augustine NNN deals combine strong tenant credit with a defensive location. Look for corner outparcels, established retail corridors, and properties with demographic tailwinds. Avoid over-reliance on a single industry and watch for upcoming lease expirations that could impact your exit strategy.
NNN Cap Rates in St. Augustine
Cap rates for NNN deals in St. Augustine typically range from 5.25% for top-tier corporate-guaranteed deals with long remaining lease terms, up to 7.25% for franchisee-operated deals or shorter lease terms. Location, tenant credit, and lease structure drive pricing more than the specific asset class.
Looking for nnn properties in St. Augustine?
Ryan Solberg and the MaxLife Realty team work St. Augustine and the surrounding Central Florida markets every day. We source on-market and off-market opportunities, underwrite them against institutional standards, and help clients close with confidence.
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