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Circle K - Crestview FL (Destin MSA) 5720 Highway 85 N

5,200 SF Retail Building Crestview, FL 32536 £1,608,040 (£309/SF) 4.74% Net Initial Yield

Investment Highlights

  • The property is located on the same intersection as a new construction Publix-anchored shopping center, promoting cross-traffic while not being encumb
  • Less than a mile West of the subject site, there are two new developments underway that will feature 250 apartment units and 165 single family homes s
  • The Publix is ranked as the number 1 grocer within a 15-mile radius and in the 87th percentile of all Publix stores nationwide (Placer.ai)

Executive Summary

Across From High Performing Publix-Anchored Shopping Center (Top 87% Nationwide via Placer.ai)

Attachments

Crestview FL - Circle K - OM

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
5,200 SF
Year Built
2023
Price
£1,608,040
Price Per SF
£309
Net Initial Yield
4.74%
NOI
£76,245
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
1.58 AC
Zoning
MU

Amenities

  • Air Conditioning
1 of 1

PROPERTY TAXES

Parcel Number 27-4N-23-1820-0000-0040 Improvements Assessment £88,903
Land Assessment £71,992 Total Assessment £160,894

PROPERTY TAXES

Parcel Number
27-4N-23-1820-0000-0040
Land Assessment
£71,992
Improvements Assessment
£88,903
Total Assessment
£160,894
(813) 371-1079

  • Listing ID: 33108324

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 5720 Highway 85 N, Crestview, FL 32536

The Retail Property at 5720 Highway 85 N, Crestview, FL 32536 is currently available For Sale. Contact SRS Real Estate Partners for more information.

Nearby Listings

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5720 Highway 85 N, Crestview, FL for sale Primary Photo- Image 1 of 7
Crestview FL - Circle K - OM
5720 Highway 85 N, Crestview, FL for sale Building Photo- Image 2 of 7
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5720 Highway 85 N, Crestview, FL for sale Building Photo- Image 3 of 7
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5720 Highway 85 N, Crestview, FL for sale Building Photo- Image 4 of 7
Crestview FL - Circle K - OM3
5720 Highway 85 N, Crestview, FL for sale Building Photo- Image 5 of 7
Crestview FL - Circle K - OM4
5720 Highway 85 N, Crestview, FL for sale Building Photo- Image 6 of 7
Crestview FL - Circle K - OM5

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© 2024 CoStar Group

Circle K - Crestview FL (Destin MSA) | 5720 Highway 85 N
(813) 371-1079 x

Circle K - Crestview FL (Destin MSA) | 5720 Highway 85 N

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William Wamble

(813) 371-1079

(813) 371-1079

Patrick Nutt

(954) 302-7365

(954) 302-7365

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