Circle K - Crestview FL (Destin MSA) | 5720 Highway 85 N
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Circle K - Crestview FL (Destin MSA) 5720 Highway 85 N
5,200 SF Retail Building Crestview, FL 32536 $2,050,000 ($394/SF) 4.74% Cap Rate
Investment Highlights
- The property is located on the same intersection as a new construction Publix-anchored shopping center, promoting cross-traffic while not being encumb
- Less than a mile West of the subject site, there are two new developments underway that will feature 250 apartment units and 165 single family homes s
- The Publix is ranked as the number 1 grocer within a 15-mile radius and in the 87th percentile of all Publix stores nationwide (Placer.ai)
Executive Summary
Across From High Performing Publix-Anchored Shopping Center (Top 87% Nationwide via Placer.ai)
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
5,200 SF
Year Built
2023
Price
$2,050,000
Price Per SF
$394
Cap Rate
4.74%
NOI
$97,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.58 AC
Zoning
MU
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 27-4N-23-1820-0000-0040 | Improvements Assessment | $113,337 |
| Land Assessment | $91,778 | Total Assessment | $205,115 |
PROPERTY TAXES
Parcel Number
27-4N-23-1820-0000-0040
Land Assessment
$91,778
Improvements Assessment
$113,337
Total Assessment
$205,115
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Circle K - Crestview FL (Destin MSA) | 5720 Highway 85 N
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