180 Mary Esther Blvd - Service Station FOR SALE


Mary Esther, FL 32569
$3,000,000 USD
850-380-0877
180 Mary Esther Blvd, Mary Esther, FL for Sale
$3,000,000 USD
Service Station - FOR SALE
1/17
null | 7% Cap Rate

180 Mary Esther Blvd
Mary Esther, FL 32569


HIGHLIGHTS

  • Long Term Lease – 10 Year Primary Term with 10 Year Option to Renew
  • 2% Increases Each Year
  • Absolute NNN Land Ownership
  • High Profile Location
  • 6 multi-product dispensers with 12 Fueling positions
  • Experienced seller owns and operates multiple locations in the market.

OVERVIEW

Sale/Lease Back Opportunity – $3,000,000.00 | 7% Cap Rate The Asset: ±5,000 SF of Income-producing Retail Space Investment Description 180 Mary Esther Parkway offers investors a rare opportunity to acquire a fully operational C-Store and PITA Mediterranean Street Food in the heart of Mary Esther, a coastal community with a strong military presence and established local consumer base. Offered at a 7% cap rate on $210,000 NOI, this investment provides immediate, stabilized cash flow from the day of closing. The property presents a turnkey passive investment opportunity backed by long-term tenancy and an established operating business. Sale-Leaseback Structure The seller will execute a sale-leaseback at closing, providing the buyer with a fully occupied asset and an operator-tenant with direct vested interest in the continued success of the property. Both tenants will execute new 10-year NNN leases at closing, creating a passive, management-free investment structure with predictable long-term income. Investment Highlights Long Term Lease – 10 Year Primary Term with 10 Year Option to Renew 2% Increases Each Year Absolute NNN Land Ownership High Profile Location 6 multi-product dispensers with 12 Fueling positions Experienced seller owns and operates multiple locations in the market. Capital Improvements 2025-2026 New exterior and on-site signage installed Complete exterior repaint of building, fuel canopy, and poles Pita area renovated with new equipment installation Kitchen layout redesigned and updated LED lighting installed throughout the interior and building perimeter Interior repaint completed throughout the building Location Description Located on Mary Esther Boulevard (historically known as the Mary Esther Cutoff), the site handles high vehicle counts, making it a critical “quick-stop” for commuters and travelers. Its recent renovation in 2025 and unbranded status make it a flexible retail asset in a rapidly expanding trade area. People are primarily drawn to Mary Esther, Florida, by its unbeatable coastal location, affordability compared to neighboring beach towns, and its close integration with local military bases. It functions as a peaceful, community-focused suburb with the Emerald Coast tourist hubs easily accessible.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$577 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

C1

APN/PARCEL ID

16-2S-24-0000-0022-0020

ASK ABOUT THIS PROPERTY

Mehdi MoeiniBay City RealtyMore Info
850-380-0877

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Mehdi MoeiniBay City RealtyMore Info
850-380-0877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.