Cap Rate
5.15%
Price Per SF
$1,264
Gross SQFT
3,200
Year Built
2025
NOI
$208,250
Property Type
Retail
INVESTMENT HIGHLIGHTS
- Fee-Simple Building & Land Panera allowing for depreciation
- Irreplaceable Coastal Locale in an affluent segment of Navarre’s primary retail corridor
- Highly visible location along U.S. Route 98 at the Intersection of US-98 Navarre Parkway (±46,000 AADT)
- ±24,794 (3-mi Radius) & ±45,093 (5-mi Radius)
- Avg. Household Incomes in 1, 3, and 5-mile radius exceeds $120k
- Within a 15-minute Drive-Time there is a population of 55,284, 20,516 Households, and an Avg. HH Income of $115k
- Located adjacent to the first ALDI in northwest Florida and surrounded by Walmart Supercenter, Publix Market at Shoppes of Navarre, Winn-Dixie, CVS, Walgreens, Culver’s, McDonald’s, and several other national retailers
- Minutes to Gulf Islands National Seashore with 8.2 million visitors annually and Navarre Beach with around 600,000 visitors annually
- The Navarre/Millbrook retail submarket contains 5+ MM SF with a low vacancy rate of 5.2%
Broker of Record
- Kyle Matthews
- License No. CQ1066435 (FL)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203