36070 Emerald Coast Pky - Freestanding FOR SALE


Destin, FL 32541
$4,114,286 USD
646-709-5537
36070 Emerald Coast Pky, Destin, FL for Sale
$4,114,286 USD
Freestanding - FOR SALE
1/12
null | 7% Cap Rate

36070 Emerald Coast Pky
Destin, FL 32541


HIGHLIGHTS

  • Retail building located along US-98 with traffic 64,000+/- vehicles per day
  • Tenant Affiliated with Carpet One's 1,000+ Store Network
  • 100% Leased , Absolute NNN, providing longterm in-place cash flow
  • 1-2 Miles from Destin Commons & Major Retailers; Publix, Walmart, Target, Whole foods, etc.
  • Company revenue is mid $3M annually
  • RANKED #1 Flooring location in Destin 2026

OVERVIEW

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. TOP RANKED business in Destin Florida, celebrating its 25th anniversary. Company sales are $3M+. The investment provides stable in-place cash flow in a growing market. Demographics support 14% household and population growth year-after-year. Located right on US-98 with incredible visibility and frontage on US-98 where traffic count exceeds 60,000 cars per day. The building is less then a mile from Publix, Walmart, and other national Retailers. Built in 2003, and roof was resealed in 2024. Absolute NNN Tenant, $288,000 annual income in-place today, offered at a 7% cap rate. Perfect for a 1031 exchange, Seller reviewing all offers.

FOR SALE DETAILS

PRICE

$4,114,286 USD

PRICE/SF

$400 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carpet One

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

CG

APN/PARCEL ID

00-2S-22-2380-0000-0090

ASK ABOUT THIS PROPERTY

Lielle SosaLevy Realty Advisors, LLCMore Info
646-709-5537

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Lielle SosaLevy Realty Advisors, LLCMore Info
646-709-5537

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