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AYR - St. Augustine, FL | 3% Annual Increases 2198 A1A S 5,676 SF Retail Building Saint Augustine, FL 32080 $3,623,797 ($638.44/SF) 6.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Company Type: Expanding, vertically integrated U.S. multi-state cannabis operator.
- Commitment: Positive impact for customers, employees, and communities.
- Building: 5,676 SF with drive-thru.
- Leadership: Proven expertise in operations, finance, and scaling businesses.
- Lot Size: 1.75 acres at a signalized four-way intersection (future development potential).
- Visibility & Access: Prime frontage and high traffic.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale a 5,676 SF AYR dispensary located at 2198 A1A South in St. Augustine, FL. This property represents a rare opportunity as one of only two permitted dispensaries in St. Augustine Beach, creating a significant competitive advantage and an established customer base in a high-demand market. Backed by a tenant with proven expertise in operations, finance, and business scalability, the asset provides both stability and long-term growth potential. With its prime location, limited competition, and strong operator, this property offers investors an exceptional opportunity to acquire a well-positioned, income-generating asset in a thriving industry.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,676 SF
Building Class
C
Year Built
2004
Price
$3,623,797
Price Per SF
$638.44
Cap Rate
6.90%
NOI
$250,041
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.71 AC
Zoning
OR - Commercial - All uses
Parking
29 Spaces (7.52 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- AYR Wellness
- Health Care and Social Assistance
- 5,676 SF
- $44.05
- Triple Net
- May 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| AYR Wellness | Health Care and Social Assistance | 5,676 SF | $44.05 | Triple Net | May 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 162810-0000 | Improvements Assessment | $482,000 |
| Land Assessment | $792,086 | Total Assessment | $1,274,086 |
PROPERTY TAXES
Parcel Number
162810-0000
Land Assessment
$792,086
Improvements Assessment
$482,000
Total Assessment
$1,274,086
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AYR - St. Augustine, FL | 3% Annual Increases | 2198 A1A S
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