Listed by Levy Realty Advisors, LLC
$4,114,286
Carpet One Floor & Home
Details
APN 00-2S-22-2380-0000-0090
Property Type Retail
Sub Type Storefront
Square Footage 10,274
Cap Rate 7.02%
NOI $288,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 7
Price per SqFt $399
Year Built 2003
Year Renovated 2024
Stories 2
Acreage 0.570
Parking Spaces 13 spaces
Parking Per SqFt 1.27
Investment Type Net Lease
Retail | 7.02% CAP | 10,274 SqFt
Marketing description
Presenting an exceptional single-tenant retail investment leased to Coastal Carpet & Tile Carpet One Floor & Home, a well-established flooring and kitchen & bath retailer serving Florida's Emerald Coast since 1999. Recently celebrating its 25th anniversary, the company benefits from the purchasing power and brand recognition, one of North America's largest flooring cooperatives. The investment provides stable in-place cash flow and is supported by continued market growth, tourism, demand, and ongoing residential and commercial development throughout the Destin market.
Investment highlights
- Prime Retail Frontage Along US-98
- Tenant has 25+ Year Operating History in Destin
- Approx. $3.17 Million in 2025 Sales
- Nearly $1.0 Million in Sales Through April 2026
- Affiliated with Carpet One's 1,000+ Store Network and Recently Expanded into Kitchen Cabinetry
- 7-Year Lease Term with Renewal Option
- Absolute NNN Lease
- Average Lease Comps within 2 miles $30 PSF
- 60,000+ Vehicles Per Day
- Within 2 Miles of Destin Commons & Major Retailers
- Located in Florida's Premier Emerald Coast Market
- Strong Tourism, Population and Residential Household Growth Year-over-year.
Listing Contacts
Listed by Levy Realty Advisors, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$288,000.00
$24,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
CG CommercialGeneral CommercialCommercial General
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