425 US Highway 98 - Freestanding FOR SALE


Apalachicola, FL 32320
$2,423,986 USD
332-345-4222
425 US Highway 98, Apalachicola, FL for Sale
$2,423,986 USD
Freestanding - FOR SALE
1/2
null | 7.25% Cap Rate

425 US Highway 98
Apalachicola, FL 32320


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 425 US-98, Apalachicola, FL 32320. The site consists of roughly 21,668 rentable square feet of building space on an estimated 2-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 $175,739 and has scheduled increases of 3% annually starting year 7.

FOR SALE DETAILS

PRICE

$2,423,986 USD

PRICE/SF

$112 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cape & Coast Premier Properties

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

Commercial

APN/PARCEL ID

11-09S-08W-0000-0390-0000

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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