For Sale
$6,495,000

857 Fl-20 Freeport, FL 32439

High-Yield Retail Investment, Freeport, FL

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
136
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

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FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Investment, Freeport, FL
Where is the lifestyle center located?
The property is located at 857 Fl-20 Freeport, FL.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

John Paul Somers
John Paul Somers
Visit Broker Website

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Useful Information

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Fl-20
Freeport, FL 32439

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Fl-20
Freeport, FL 32439

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

857 Fl-20
  • John Paul Somers
    John Paul Somers
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