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180 Mary Esther Blvd 5,196 SF 100% Leased Retail Building Mary Esther, FL 32569 $3,000,000 ($577.37/SF) 7% Cap Rate
Investment Highlights
- Long Term Lease – 10 Year Primary Term with 10 Year Option to Renew
- Absolute NNN Land Ownership
- 6 multi-product dispensers with 12 Fueling positions
- 2% Increases Each Year
- High Profile Location
- Experienced seller owns and operates multiple locations in the market.
Executive Summary
Sale/Lease Back Opportunity – $3,000,000.00 | 7% Cap Rate
The Asset: ±5,000 SF of Income-producing Retail Space
Investment Description
180 Mary Esther Parkway offers investors a rare opportunity to acquire a fully operational C-Store and PITA Mediterranean Street Food in the heart of Mary Esther, a coastal community with a strong military presence and established local consumer base. Offered at a 7% cap rate on $210,000 NOI, this investment provides immediate, stabilized cash flow from the day of closing. The property presents a turnkey passive investment opportunity backed by long-term tenancy and an established operating business.
Sale-Leaseback Structure
The seller will execute a sale-leaseback at closing, providing the buyer with a fully occupied asset and an operator-tenant with direct vested interest in the continued success of the property. Both tenants will execute new 10-year NNN leases at closing, creating a passive, management-free investment structure with predictable long-term income.
Investment Highlights
Long Term Lease – 10 Year Primary Term with 10 Year Option to Renew
2% Increases Each Year
Absolute NNN Land Ownership
High Profile Location
6 multi-product dispensers with 12 Fueling positions
Experienced seller owns and operates multiple locations in the market.
Capital Improvements 2025-2026
New exterior and on-site signage installed
Complete exterior repaint of building, fuel canopy, and poles
Pita area renovated with new equipment installation
Kitchen layout redesigned and updated
LED lighting installed throughout the interior and building perimeter
Interior repaint completed throughout the building
Location Description
Located on Mary Esther Boulevard (historically known as the Mary Esther Cutoff), the site handles high vehicle counts, making it a critical “quick-stop” for commuters and travelers. Its recent renovation in 2025 and unbranded status make it a flexible retail asset in a rapidly expanding trade area. People are primarily drawn to Mary Esther, Florida, by its unbeatable coastal location, affordability compared to neighboring beach towns, and its close integration with local military bases. It functions as a peaceful, community-focused suburb with the Emerald Coast tourist hubs easily accessible.
The Asset: ±5,000 SF of Income-producing Retail Space
Investment Description
180 Mary Esther Parkway offers investors a rare opportunity to acquire a fully operational C-Store and PITA Mediterranean Street Food in the heart of Mary Esther, a coastal community with a strong military presence and established local consumer base. Offered at a 7% cap rate on $210,000 NOI, this investment provides immediate, stabilized cash flow from the day of closing. The property presents a turnkey passive investment opportunity backed by long-term tenancy and an established operating business.
Sale-Leaseback Structure
The seller will execute a sale-leaseback at closing, providing the buyer with a fully occupied asset and an operator-tenant with direct vested interest in the continued success of the property. Both tenants will execute new 10-year NNN leases at closing, creating a passive, management-free investment structure with predictable long-term income.
Investment Highlights
Long Term Lease – 10 Year Primary Term with 10 Year Option to Renew
2% Increases Each Year
Absolute NNN Land Ownership
High Profile Location
6 multi-product dispensers with 12 Fueling positions
Experienced seller owns and operates multiple locations in the market.
Capital Improvements 2025-2026
New exterior and on-site signage installed
Complete exterior repaint of building, fuel canopy, and poles
Pita area renovated with new equipment installation
Kitchen layout redesigned and updated
LED lighting installed throughout the interior and building perimeter
Interior repaint completed throughout the building
Location Description
Located on Mary Esther Boulevard (historically known as the Mary Esther Cutoff), the site handles high vehicle counts, making it a critical “quick-stop” for commuters and travelers. Its recent renovation in 2025 and unbranded status make it a flexible retail asset in a rapidly expanding trade area. People are primarily drawn to Mary Esther, Florida, by its unbeatable coastal location, affordability compared to neighboring beach towns, and its close integration with local military bases. It functions as a peaceful, community-focused suburb with the Emerald Coast tourist hubs easily accessible.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Service Station
Building Size
5,196 SF
Building Class
B
Year Built/Renovated
2014/2026
Price
$3,000,000
Price Per SF
$577.37
Cap Rate
7%
NOI
$210,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
1.65 AC
Zoning
C1 - Commercial
Frontage
210’ on Mary Esther Blvd
Amenities
- Pylon Sign
- Restaurant
- Security System
- Signage
- Air Conditioning
- Awning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-2S-24-0000-0022-0020 | Improvements Assessment | $391,249 |
| Land Assessment | $639,717 | Total Assessment | $1,030,966 |
Property Taxes
Parcel Number
16-2S-24-0000-0022-0020
Land Assessment
$639,717
Improvements Assessment
$391,249
Total Assessment
$1,030,966
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180 Mary Esther Blvd
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