36248 Emerald Coast Parkway

    Destin, FL 32541
    • $1,795,000
    • STATUS: Active
    • ON SITE: 80 days
    • MLS #: 790561
    UPDATED: 21 min ago
    $1,795,000
    • 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 (6) 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 40,000+ vehicles per day. Lord & Son was the exceptional contractor, completing the development and building construction in March, 2014. Please inquire for further details. Buyer must verify all information.

    Monthly Payment Calculator



    © 2018 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 Scenic Sotheby's International Realty. Data last updated: 2018-04-19T21:00:33.333.
    www.scenicsir.com/homes/80303140

    36248 Emerald Coast Parkway Destin, FL 32541

    • Price: $1,795,000
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 790561
    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 (6) 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 40,000+ vehicles per day. Lord & Son was the exceptional contractor, completing the development and building construction in March, 2014. Please inquire for further details. 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 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 Property Name Sherwin Williams Paint Store Vacant No Zoning Roi-Td / Comm.

    Listing courtesy of Somers & Company.


    © 2018 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 Scenic Sotheby's International Realty. Data last updated: 2018-04-19T21:00:33.333.
     
    Scenic Sotheby's International Realty
    3305 West County Highway 30A
    Santa Rosa Beach FL, 32459