Income Producing C-Store

Retail-Commercial for Sale
Catylist Listing ID: 30421834
Property Subtypes: Convenience Store
Building Size (RSF): 2,400 SF
Gross Building Area: 3,120 SF
Gross Land Area: 0.37 Acres
Sale Price: $560,000
Unit Price: $233.33 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Holly Food Mart
Usable Size (USF): 2,400 SF
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 100
Last Updated: 8/16/2019

Overview / Comments

Alliance Real Estate is pleased to market for sale a single tenant net lease in Navarre, FL. The property is strategically located along the trade area’s primary thoroughfare.There are approximately 2 years remaining on the lease, with an optional extension.Tenants have expressed interest in remaining in the location; However, a buyout option is in the lease.
The 2,500 square foot building is strategically located near national retailers and next to Holly By The Sea Recreational Center. Traffic count is 37,900 daily, according to FDOT, with high volume of evening traffic flow.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa County
Tax ID/APN: 23-2S-27-0752-00C00-0430
Zoning: HCD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Navarre Parkway and Constitution Dr.
Property Visibility: Excellent
Largest Nearby Street: Navarre Parkway
Feet of Frontage: 111
Traffic/Vehicle Count: 39,500
Highway Access: Located along Highway US-98
Site Description: Small but easy to access, with a dedicated turn lane for ingress traffic and easy egress heading west. The business has a drive through and parking for 10+ vehicles.
Area Description: Navarre is a census-designated place and unincorporated community in Santa Rosa County in the northwest Florida Panhandle. It is a bedroom community for mostly U.S. Military personnel, Federal Civil Servants, local population, retirees and defense contractors. Due to its proximity to Navarre Beach and its four miles of beach front on the Gulf of Mexico, not including the Navarre Beach Marine Park, as well as the Gulf Islands National Seashore, it has a small, but growing community of nature enthusiasts and tourists. Navarre has quickly grown from being a sleepy town of a little over 1,500 in the 1970s to a town with a population of approximately 42,300. Median income in a 3 mile range is $73,000 and Median Home Value for the same is over $243,000.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,400 SF
Property Condition: Excellent
Year Built: 2004
Year Renovated: 2004
Roof Type: Gable
Construction/Siding: Block
Total Parking Spaces: 10
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Commercial
Lot Frontage: 111
Lot Depth: 146
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: COMMODORE PARK LOT 43 & S 35 FT OF LOT 42 BLK C AS DES IN OR 3473 PG 1378

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,263 27,860
Median Age: 36.3 37.94
Households: 6,811 10,629

Contact

Photograph of Listing Agent

Omar Walter Nagi

Alliance Real Estate Gulf Coast CMLS Member
Photograph of Listing Agent

David P Wu

Alliance Real Estate Gulf Coast CMLS Member
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