36070 Emerald Coast Parkway, Destin, FL
- $3,900,000
Description
PERFECT FOR 1031 BUYER! Exceptional Single-Tenant Retail investment leased to Coastal Carpet & Tile Carpet One Floor & Home, a TOP RANKING flooring and kitchen Retailer serving Destin since 1999. The Company sales is $3M+ per year. The investment provides stable in-place cash flow in a growing market. Located right on US-98 with incredible visibility 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 = $4.1M. Seller reviewing all offers and motivated.
Address
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Address: Array
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City: Destin
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State/county: Okaloosa
Details
Updated on August 27, 2026 at 1:00 am-
Property ID Array
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Price $3,900,000
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Land Area 0.57 Sq Ft
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Year Built 2003
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Property Type Retail
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Property Status Commercial Sale
Additional details
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AssociationFee 0
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Building Area Total 10274
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BuildingName Carpet One Tile & Floor
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Business Type Cabinets, Commercial, Carpet/Tile, Hardware, Professional Service, Retail, Wholesale
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Community Features Shopping
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Cooling Central Air
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Days On Market 58
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DistanceToFreewayNumeric 0
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Documents Available Aerial, Financials, Ground Photo, Lease
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Electric 200+ Amp Service
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Flooring Tile
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FoundationDetails Block
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Heating Central
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Internet Automated Valuation Display YN 1
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Listing Terms Cash, Conventional, 1031 Exchange, FHA, Trade
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Lot Features Interior Lot
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Lot Size Area 24970
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MLSAreaMinor Other
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Mobile Dim Units Feet
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Net Operating Income 288000
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NumberOfBuildings 1
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NumberOfUnitsTotal 1
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Occupant Type Tenant
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Parking Features Accessible Parking
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ParkingTotal 13
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Possession Close Of Escrow
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PossibleUse Service
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RoadFrontageType City Street
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RoadResponsibility Public Maintained Road
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Security Features Fire Alarm, Fire Sprinkler System, Security Lights
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Sewer Public Sewer, Private Sewer
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SpecialListingConditions Real Estate Owned
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Street Suffix Parkway
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Tax Annual Amount 17135.15
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Tax Assessed Value 1437730
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Utilities Electricity Connected, Water Connected
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Water Source Public
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Zoning CG
Features
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