3016 Highway 98 - Office FOR SALE


Mexico Beach, FL 32456
$719,545 USD
332-345-4311
3016 Highway 98, Mexico Beach, FL for Sale
$719,545 USD
Office - FOR SALE
1/2
null | 7.25% Cap Rate

3016 Highway 98
Mexico Beach, FL 32456


HIGHLIGHTS

  • Long-Term Absolute Triple (NNN) Lease
  • Corporate Guarantee from StayTerra Vacations, LLC
  • Strong Corporate Growth
  • Significant AUM

OVERVIEW

Surmount is pleased to present the exclusive listing for a Cape & Coast Premier Properties located at 3016 US-98, Mexico Beach, FL 32456. The site consists of roughly 2,105 rentable square feet of building space on an estimated 0.06-acre parcel of land. This Cape & Coast Premier Properties is subject to a 20-year Triple Net (NNN) lease, which commenced 8/20/2025. The current annual rent is $52,167 and has scheduled increases of 3.00% annually starting year 7.

FOR SALE DETAILS

PRICE

$719,545 USD

PRICE/SF

$450 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cape & Coast Premier Properties

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

GEN COM

APN/PARCEL ID

04129-010-000

ASK ABOUT THIS PROPERTY

Francis PurritanoSurmountMore Info
332-345-4311

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Francis PurritanoSurmountMore Info
332-345-4311

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