For Sale
$6,495,000

857 Fl-20Freeport, FL 32439

High-Yield Retail Investment, Freeport, FL

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 16,289 square foot shopping center in Freeport, Florida, presents a compelling investment opportunity. Built in 2023, the single-story plaza boasts a modern design and ample parking, strategically located approximately 1700 feet west of the intersection of Highways 331 and 20. The property features a strong tenant mix, including Pizza Hut and Tool Expo, with one vacant, readily adaptable space. The design optimizes traffic flow, providing convenient access to both the front and rear of each unit, including a separate rear warehouse currently occupied by Tool Expo. Excellent visibility and convenient ingress/egress further enhance the property's appeal. The asking price is $6,495,000, representing a price per square foot of $398.74 and a compelling 5.49% capitalization rate with a Net Operating Income (NOI) of $356,298. The property's APN is 14-1S-19-23000-012-0051. This is a prime retail investment in a rapidly growing market. Contact us for detailed financial information and to schedule a viewing.

Highlights

  • 16,289 SF shopping center in Freeport, FL, built in 2023.
  • Strong tenant mix including Pizza Hut and Tool Expo, with one vacant suite.
  • Located ~1700 feet west of Hwy 331 & Hwy 20 intersection, offering excellent visibility and access.
  • $6,495,000 asking price ($398.74/SF), 5.49% cap rate, $356,298 NOI.
  • APN: 14-1S-19-23000-012-0051.

Property Details for 857 Fl-20

Property type
Lifestyle centers, Power centers
Square Feet
16,289 SF
Year Built
2023
Stories
1

Location Insight

City
Freeport
County
Walton
State
Florida
Latitude
30.492229460685
Longitude
-86.123573447231
857 Fl-20, Freeport, Florida

FAQs

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857 Fl-20
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