10685 US Highway 98 W
Retail | 5,656 SqFt
Marketing description
Prime Investment Opportunity on Emerald Coast Parkway (US Hwy 98) in Destin, FL! This high-visibility property features an existing gas station with a current income-producing tenant, offering immediate cash flow , and a value-add opportunity to re-tenant and mark rent to market upon current tenant‘s lease expiration in 2027. Located in a thriving coastal market with strong demographics and heavy tourist traffic, the site is ideal for convenience retail, QSR, or redevelopment.
Investment highlights
Immediate income from an established tenant with potential for higher returns through re-tenanting or redevelopment
Prime location on Emerald Coast Parkway (US Hwy 98) offering exceptional visibility, strong traffic counts, and easy accessibility for both local residents and tourists
Positioned in Destin’s thriving coastal market with robust demographics, high household incomes, and strong consumer spending
Flexible site suitable for convenience retail, quick service restaurants, or other high-demand uses, surrounded by national brands and complementary businesses
Attractive upside for investors seeking a combination of stable cash flow and long-term growth through strategic repositioning
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