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Kelly Plantation 34761 Emerald Coast Pky 12,247 SF 100% Leased Retail Building Destin, FL 32541 $5,735,000 ($468.28/SF) 6% Cap Rate
Investment Highlights
- 100% Occupied Asset in Top Tourism Destination
- Favorable NNN Lease Structures
- Affluent Demographic Base | $842K Average Home Value
- Prime Location Along Emerald Coast Pkwy (60,100+ VPD)
- Barriers-to-Entry Coastal Submarket | Tourism-Driven Demand
- Proximity to Major Retail and Tourism Hotposts
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,247 SF
Building Class
B
Year Built
2016
Price
$5,735,000
Price Per SF
$468.28
Cap Rate
6%
NOI
$344,070
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.83 AC
Zoning
C-1 - Commercial
Parking
85 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
119’ on Emerald Coast Pkwy
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00-2S-22-0000-0001-A240 | Improvements Assessment | $1,630,250 |
| Land Assessment | $2,189,363 | Total Assessment | $3,819,613 |
Property Taxes
Parcel Number
00-2S-22-0000-0001-A240
Land Assessment
$2,189,363
Improvements Assessment
$1,630,250
Total Assessment
$3,819,613
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Kelly Plantation | 34761 Emerald Coast Pky
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