857 Fl-20Freeport, FL 32439

Property Details for 857 Fl-20

Year built

2023

Property size (Sq ft)

16,289 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Freeport

County

Walton

State

Florida

Latitude

30.4922

Longitude

-86.1236

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