36070 Emerald Coast Parkway, FL 32541

Description

Presenting an exceptional single-tenant retail investment leased to Coastal Carpet & Tile Carpet One Floor & Home, a well-established flooring and kitchen & bath retailer serving Florida's Emerald Coast since 1999. Recently celebrating its 25th anniversary, the company benefits from the purchasing power and brand recognition, one of North America's largest flooring cooperatives. The investment provides stable in-place cash flow and is supported by continued market growth, tourism, demand, and ongoing residential and commercial development throughout the Destin market. New build, 2003, and roof was resealed in 2024. Absolute NNN Tenant, $288,000 in-place rent today, offered at a 7% cap rate = $4.1M

This retail home located at 36070 Emerald Coast Parkway, FL 32541 is currently for sale and has been available on Brickellsold for 1 day. This property is listed at $4M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 2003. 36070 Emerald Coast Parkway, FL 32541