Outback Steakhouse
245 State Rd 312, Saint Augustine, FL 32086
The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase a single tenant absolute NNN leased retail asset fully occupied by Outback Steakhouse in St. Augustine, FL. Blooming Brands, which owns Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar, operates over 1,450 restaurants worldwide with 64,000+ team members. With over 18 years of successful operating history at this location, 4.8 lease years remaining in the primary term, four 5-year option periods, and annual rental increases, this is an excellent opportunity for an investor seeking zero landlord responsibilities and years of inflation resistant cash flows.
The 6,115 SF building on a 1.72-acre parcel is located on Florida State Road 312 (38,5000 VPD) with great access from Dixie Highway (41,900 VPD) and is positioned in St. Augustine’s premier retail corridor with countless national retailers including Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Walgreens, CVS, Publix, ALDI, Starbucks, McDonald’s, Chick-fil-A and more.
This is a wonderful opportunity to acquire an absolute NNN leased retail asset in St. Augustine’s busiest retail corridors with zero landlord responsibilities, annual rent increases, a corporate backed lease and strong demographics providing years of worry-free income.
Available
Building Details
- For Sale $4,420,000
- Property Type Retail
- Property Size 6,115 SF
- Lot Size 1.72 SF
- Additional Rent Price on request
- Year Built 1994
- Year Renovated 2016
- Date Updated Nov 7, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
Colliers
Location
- City Saint Augustine, FL
- Neighborhood Portion Of Prepall Grant
- Zip Code 32086
- Market Jacksonville
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Walk score 55/100 Somewhat Walkable -
Bike score 58/100 Bikeable
Points of Interest
Citgo
0.88 miles
BP
0.99 miles
Speedway
1.08 miles
Mobil
1.10 miles
Freedom Oil
1.15 miles
Circle K
1.22 miles
Sunoco
1.29 miles
Shell
1.67 miles
Tesla Supercharger
2.04 miles
ChargePoint
6.77 miles
Oldest House Parking Lot
1.64 miles
Flagler College Parking Garage
1.81 miles
Public Parking
1.94 miles
NPS Lot 1
2.12 miles
NPS Lot 5
2.16 miles
Historic Downtown Parking Facility
2.24 miles
Mission of Nombre de Dios Parking
2.68 miles
Old Town Overflow Lot
2.95 miles
Bealls Outlet
0.14 miles
Big Lots
0.16 miles
Marshalls
0.35 miles
Ross
0.37 miles
ALDI
0.41 miles
Publix
0.45 miles
Belk
0.50 miles
Sears
0.59 miles
Bealls
0.68 miles
Target
0.70 miles
Listing Summary
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Property Financials 245 State Rd 312 is currently listed for sale at $4,420,000 for a price per square foot of $722.81.
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Property Details 245 State Rd 312 totals 6,115 square feet of Retail space on a lot spanning 1.72 square feet. The property was initially built in 1994, being last renovated in 2016.
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Area Characteristics 245 State Rd 312 is located in the Portion Of Prepall Grant neighborhood.
There is 1 other retail property listed for sale in the neighborhood. In terms of ease of commuting, the area has a walk score of 55, indicating that it is somewhat walkable.
