www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32810329
32810525

180 Mary Esther Blvd, Mary Esther, FL 32569

MM
FL Florida BK3464565, AL AL 000156985-0 (+1)
Bay City Realty
WS
FL Florida SL3436763, FL Alabama 000128147 – 0 (+1)
Bay City Realty
Listed by Bay City Realty
$3,000,000
14 days on market
Updated 9 days ago

180 Mary Esther Blvd

Details
APN 16-2S-24-0000-0022-0020
Property Type Retail
Sub Type Convenience Store, Restaurant
Square Footage 5,196
Cap Rate 7.00%
NOI $210,000
Occupancy 100%
Tenancy Multi
Lease Type Absolute NNN
Remaining Term 10
Rent Bumps Yes
Year Built 2013
Year Renovated 2026
Acreage 1.680
Zoning C1 | Commercial
Investment Type Sale/Leaseback

Absolute NNN Opportunity

Marketing description

180 Mary Esther Parkway offers investors a rare opportunity to acquire a fully operational C-Store and PITA Mediterranean Street Food in the heart of Mary Esther, a coastal community with a strong military presence and established local consumer base. Offered at a 7% cap rate on $210,000 NOI, this investment provides immediate, stabilized cash flow from the day of closing. The property presents a turnkey passive investment opportunity backed by long-term tenancy and an established operating business.

The seller will execute a sale-leaseback at closing, providing the buyer with a fully occupied asset and an operator-tenant with direct vested interest in the continued success of the property. Both tenants will execute new 10-year NNN leases at closing, creating a passive, management-free investment structure with predictable long-term income.

Located on Mary Esther Boulevard (historically known as the Mary Esther Cutoff), the site handles high vehicle counts, making it a critical "quick-stop" for commuters and travelers. Its recent renovation in 2025 and unbranded status make it a flexible retail asset in a rapidly expanding trade area. People are primarily drawn to Mary Esther, Florida, by its unbeatable coastal location, affordability compared to neighboring beach towns, and its close integration with local military bases. It functions as a peaceful, community-focused suburb with the Emerald Coast tourist hubs easily accessible.

180 Mary Esther Blvd Website

180 Mary Esther Blvd Drone Footage

Investment highlights

  • Long Term Lease - 10 Year Primary Term with 10 Year Option to Renew
  • 2% Increases Each Year
  • Absolute NNN Land Ownership
  • High Profile Location
  • 6 multi-product dispensers with 12 Fueling positions
  • Experienced seller owns and operates multiple locations in the market.

Capital Improvements 2025-2026
  • New exterior and on-site signage installed
  • Complete exterior repaint of building, fuel canopy, and poles
  • PITA restaurant area renovated with new equipment installation
  • Kitchen layout redesigned and updated
  • LED lighting installed throughout the interior and building perimeter
  • Interior repaint completed throughout the building

Listing Contacts

MM
FL Florida BK3464565, AL AL 000156985-0 (+1)
Bay City Realty
WS
FL Florida SL3436763, FL Alabama 000128147 – 0 (+1)
Bay City Realty
Listed by Bay City Realty

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$210,000.00
$17,500.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Mehdi Moeini, CCIM, CPM, MiCP
License
Florida BK3464565
Name
Wendi Summers
License
Florida SL3436763
Brokerage Phone
8507646800
Brokerage Address
226 Palafox Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591