604 County Road 210 West, St. Johns, FL 32259

The Opportunity

The Dowd Companies is pleased to offer for sale a brand-new absolute NNN ground lease to JPMorgan Chase Bank, N.A.—the largest U.S. bank by assets—at 604 County Road 210 West in St. Johns, Florida. The 15-year primary term carries six 5-year options (up to 45 years) with 10% rent increases every five years, escalating base rent from $145,000 to $310,820. Zero landlord responsibility for taxes, CAM, insurance, utilities, or CDD; tenant improvements revert at expiration—ideal for passive, 1031 exchange, or institutional capital.

Strategic Location & Co-Tenancy

The pad sits within Beachwalk East Shopping Center on the CR-210 corridor (27,500 VPD) with immediate I-95/US-1 access between Jacksonville and St. Augustine. The center includes a new BJ’s Wholesale Club and Lowe’s Home Improvement Center, all within the 1,200+ acre Twin Creeks/Beachwalk MPC by Encore Capital and Dream Finders Homes (NYSE: DFH). The broader Beachwalk retail commercial node includes a Publix-anchored shopping center and lifestyle/hospitality with Compass by Margaritaville, all framed around a 14-acre Crystal Lagoon.

Exceptional Demographics & Market Fundamentals

St. Johns County is Florida’s fastest-growing county (+30% since 2015) and home to the state’s #1 public school district for 14+ years. The 3-mile population grew 43% (2020–2025); the 5-mile population of 95,269 expands 3.09% annually. The 3-mile median HH income is $138,917 (avg $197,036). 18,000+ rooftops surround the site across Nocatee, Beachwalk, and Beacon Lake. County jobs grew 22.5% (2019–2024); Florida has no state income tax.