Supermarket For Sale • 5,245 SF
| SHELL GAS STATION WITH BROWNS SUPERMARKET AND A SINGLE-FAMILY HOME IN THE REAR OF THE PROPERTY! |
| 20-PURE NNN LEASE IN PLACE, WITH THE MONTHLY RENTAL RATE STARTING AT $20,0000 PER MONTH! |
| 10% RENTAL INCREASES EVERY 5 YEARS! (AVG 20-YEAR CAP RATE: 10%) 2024 CAP RATE: 8.25%(IN-PLACE) 2029 CAP RATE: 9% 2034 CAP RATE: 10% 2039 CAP RATE: 11% |
| SELLER WILL CARRY BACK UP TO ($500,000), AT 6% IR, INTEREST-ONLY, WITH A 2-YEAR BALLOON! |
| ONLY GAS STATION WITHIN A 10-MILE RADIUS DIRECTLY OFF OF HIGHWAY I-10! |
| RECENT RENOVATIONS: A NEW CANOPY, NEW PUMPS, NEW LIGHTING, NEW SIGNAGE, A NEW DELI COUNTER, & A STATE-OF-THE-ART CHECK-OUT COUNTER PLANNED FOR 2024! |
| Cap Rate: | 8.24 % |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Eglin AFB/Destin-Ft Walton Beach | 57 min | - | 35.6 mi |
| Pensacola International | 48 min | - | 36.7 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 15 |
| Type: | Surface |
| Included in Rent: | Yes |