Sort

36248 Emerald Coast Parkway

Destin, FL 32541
  • $1,950,000
  • STATUS: Active
  • ON SITE: 6 days
  • MLS #: 773643
New On Site 6 Days Ago
UPDATED: 45 min ago
$1,950,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

**ATTENTION INVESTORS** Accommodate your approaching 1031 Tax Deferred Exchange requirement by investing in a freestanding building, newly developed and built-to-suit for Destin, Florida's newest Sherwin Williams Paint Store. This net lease investment involves a (10)-year, corporate lease, offering approximately (7) years remaining on the initial term, with four (5)-year renewal options. Its premier site enjoys a hard corner and signalized intersection, located on Highway 98, carrying 45,000+ vehicles per day. Lord & Son was the exceptional contractor, completing the development and building construction in March, 2014. Please inquire for further details. Seller is a licensed Realtor and Real Estate Broker in the State of Florida. Buyer must verify all information.



© 2017 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Somers & Company. Data last updated: 2017-04-24T20:03:53.53.
www.somerscompany.com/homes/71723759

36248 Emerald Coast Parkway Destin, FL 32541

  • Price: $1,950,000
  • Status: Active
  • Updated: 45 min ago
  • MLS #: 773643
0
Beds
0
Baths
0
½ Baths
0.45
Acres
Neighborhood:
Destin
County:
Okaloosa
Area:
Destin
Property Description
**ATTENTION INVESTORS** Accommodate your approaching 1031 Tax Deferred Exchange requirement by investing in a freestanding building, newly developed and built-to-suit for Destin, Florida's newest Sherwin Williams Paint Store. This net lease investment involves a (10)-year, corporate lease, offering approximately (7) years remaining on the initial term, with four (5)-year renewal options. Its premier site enjoys a hard corner and signalized intersection, located on Highway 98, carrying 45,000+ vehicles per day. Lord & Son was the exceptional contractor, completing the development and building construction in March, 2014. Please inquire for further details. Seller is a licensed Realtor and Real Estate Broker in the State of Florida. Buyer must verify all information.
Exterior Features

Lot Depth 210.00 Lot Dimensions 125 X 210 Lot Frontage 125.00

Interior Features

Income Producing Building Sq Ft 4020 Income Producing Property Type Retail

Property Features

As Is Yes Construction Status Existing Immediate Occupancy No Income Producing Cap Rate 4.00 Income Producing Net Operating Income 75996.00 Income Producing Year Built 2014 Listing Board Emerald Coast Listing Class Income Producing Property Information Sherwin Williams Paint Store Property Name Sherwin Williams Paint Store Vacant No Zoning Roi-Td / Comm.

Listing courtesy of Somers & Company.


© 2017 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Somers & Company. Data last updated: 2017-04-24T20:03:53.53.
Somers & Company
151 East County Highway 30A
Santa Rosa Beach FL, 32459