170 VILLAGE CMNS DR, SAINT AUGUSTINE, FL 32092-4545

Northmarq, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire the fee-simple interest in Parkway Village at St. Johns, a 52,070-square-foot Publix-anchored neighborhood center constructed in 2022 and located in St. Augustine, FL — within the rapidly growing Jacksonville MSA, approximately 30 miles south of Downtown Jacksonville.

This unique opportunity offers an exceptional location at the high-profile intersection of International Golf Parkway and State Road 16, capturing more than 42,000 vehicles per day and surrounded by numerous upscale master-planned communities. The Property sits at a dominant commercial interchange in one of the fastest-growing residential corridors in the United States, anchored by a 35,413-square-foot Publix unveiling its new "Publix Unique" concept — featuring high-end finishes, a beer and wine tasting center, an enhanced deli with prepared foods and sushi, and a second-floor terrace with outdoor seating. The center is 100% leased to an exceptional roster of national and local retailers, including Heartland Dental, Orange Theory Fitness, Supercuts, The Loop, St. Johns Eye Associates, and Glitz & Glam Nail Salon, creating a durable, service-oriented tenant mix with meaningful long-term cash flow stability for investors seeking a core, grocery-anchored asset.

St. Augustine and St. Johns County represent one of the most affluent and fastest-growing markets in Florida, boasting average household incomes of $146,195 within five miles, top-rated schools (St. Johns County is ranked the #1 school district in Florida), and projected population growth of nearly 20% over the next five years. The center benefits from an expansive trade area with the next group of grocery stores located more than seven miles away, and a deed restriction in place within the World Commerce Center DRI that prevents future grocer competition — positioning Parkway Village to perform exceptionally well regardless of broader retail trends. With a weighted average lease term of more than 13.5 years, 15 years of remaining anchor term, and over 13,000 residential units planned or under construction within five miles, the asset presents a rare chance to invest in a truly best-in-class neighborhood center.

Situated within the broader Jacksonville MSA — one of the fastest-growing and most economically dynamic regions in the Southeast, home to 1.6+ million residents, JAXPORT (the busiest port in Florida), Mayo Clinic's #1-ranked Florida hospital, and Fortune 500 companies including FIS, CSX Intermodal, and Fidelity Investments — the Property benefits from exceptional regional demand drivers and continued capital inflows. Parkway Village is part of the World Commerce Center, a master-planned 1,000-acre development slated to deliver 2.1 million square feet of office, 1.2 million square feet of industrial, 950 hotel rooms, and 1,200 residential units, and sits less than two miles from World Golf Village, one of the premier global golf destinations with 7,200 residential units, 1,200+ hotel rooms, 36 holes of golf, and 5.5 million square feet of office space. St. Augustine's unique blend of historic coastal charm, top-tier demographics, and explosive residential growth has made it a coveted destination for families, professionals, and retailers seeking long-term stability. As a result, Parkway Village at St. Johns represents a compelling opportunity to acquire a newly constructed, Publix-anchored center with bondable in-place income, significant barriers to future grocer competition, and exceptional long-term upside.