128 Masters Dr

Situated at 128 Masters Dr in the thriving hub of Saint Augustine, FL, this industrial property in the St. Johns County submarket offers a prime leasing opportunity backed by exceptional investment credentials. Currently tied to a 7-year sale-leaseback agreement guaranteed by Rentokil North America, Inc. (NYSE: RTO), this asset boasts a BBB investment-grade credit rating from both S&P and Fitch, ensuring long-term stability for discerning investors or tenants.

Spanning 1.84 acres across four parcels—two on each side of Masters Drive at Theodore Street—the property is zoned CL-1, accommodating a wide range of industrial and operational uses. This versatile zoning pairs with the site’s layout for optimal functionality, making it an ideal candidate for Industrial Outdoor Storage (IOS), a highly sought-after classification in today’s market.

Its proximity to major transportation routes and the consistent commercial growth in St. Johns County further elevate its appeal. Whether your needs focus on logistics, warehousing, or outdoor storage, this property presents a rare opportunity to secure a space designed for operational efficiency with the backing of a publicly traded, creditworthy tenant. Discover an offering tailored to meet the demands of modern industrial operations while positioning your business for success.