AYR – St. Augustine, FL

AYR
2198 A1A South, St. Augustine, FL 32080, USA

Sands Investment Group is pleased to exclusively offer for sale a 5,676 SF AYR Absolute NNN Asset 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.

PROPERTY HIGHLIGHTS

  • Company Type: Expanding, vertically integrated U.S. multi-state cannabis operator.
  • Leadership: Proven expertise in operations, finance, and scaling businesses.
  • Commitment: Positive impact for customers, employees, and communities.
  • Lot Size: 1.75 acres at a signalized four-way intersection (future development potential).
  • Building: 5,676 SF with drive-thru.
  • Visibility & Access: Prime frontage and high traffic.
  • Demographics: Average household income of $105,529 in a 5-mile radius.
  • Early Termination Option: Anytime on or after May 14, 2028, with a 12-month notice tenant can terminate the lease.

VALUE-ADD HIGHLIGHTS

  • Hard Signalized Corner Location: Premium positioning with exceptional access and visibility, ideal for future redevelopment or re-tenanting.
  • Immediate Cash Flow: Existing tenancy provides in-place income while a buyer evaluates long-term plans.
  • Flexible Future Development Potential: The parcel’s layout and location make it suitable for a range of potential uses, including QSR, retail, or mixed-use (subject to approvals).
  • Strong Local Demographics: St. Augustine continues to experience population and tourism growth, supporting both national and regional retailers.
  • Growing Corridor: A1A S remains one of the highest-traveled coastal corridors in the region, with limited available development sites this close to the beach.
  • Rare Opportunity: The property presents a rare opportunity for an investor seeking both current yield and future upside. AYR offers a compelling blend of stability and strategic redevelopment potential in one of Florida’s most desirable coastal markets.

 

In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953

AYR
2198 A1A South, St. Augustine, FL 32080, USA

AYR WELLNESS

AYR Wellness is a vertically integrated U.S. multi-state cannabis operator with over 90 licensed retail locations across Florida, Pennsylvania, New Jersey, Ohio, Nevada, and Virginia. The Company cultivates, manufactures, and retails a broad portfolio of high-quality cannabis products, supporting both medical patients and adult-use consumers. AYR also offers a growing suite of CPG brands, including Kynd, Haze, and Later Days—designed to meet a wide range of consumer needs across its markets.

Price

$3,572,021

Cap Rate

7.00%

PREMISES

5,676 SF

RENEWAL OPTIONS

1, 5-Year Option

Lease Expiration

05/14/2030

Lease Type

Absolute NNN

RENTAL INCREASES

3% Annual

BROKERS

Jacob Strahler
Fort Lauderdale
Jessica Harris
Fort Lauderdale
Andrew S. Ackerman
Atlanta

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