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Carpet One 36070 Emerald Coast Pky 10,274 SF Retail Building Destin, FL 32541 $4,114,286 ($400.46/SF) 7% Cap Rate

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Investment Highlights

Retail building located along US-98 with traffic 64,000+/- vehicles per day
100% Leased , Absolute NNN, providing longterm in-place cash flow
Perfect for 1031 exchange

Tenant Affiliated with Carpet One's 1,000+ Store Network - RANKED #1 Flooring company in Destin 2026
1-2 Miles from Destin Commons & Major Retailers; Publix, Walmart, Target, Whole foods, etc.

Executive Summary

Exceptional Single-Tenant Retail Investment leased to Coastal Carpet & Tile Carpet One Floor & Home, a well-established flooring and kitchen & bath retailer serving Florida's Emerald Coast since 1999. TOP RANKED business in Destin Florida, celebrating its 25th anniversary. Company sales are $3M+. The investment provides stable in-place cash flow in a growing market. Demographics support 14% household and population growth year-after-year. Located right on US-98 with incredible visibility and frontage on US-98 where traffic count exceeds 60,000 cars per day. The building is less then a mile from Publix, Walmart, and other national Retailers. Built in 2003, and roof was resealed in 2024. Absolute NNN Tenant, $288,000 annual income in-place today, offered at a 7% cap rate. Perfect for a 1031 exchange, Seller reviewing all offers.

A-Carpet One Single-Tenant NNN COMPRESSED Lease 06-2026a[92]

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

10,274 SF

Building Class

Year Built

2003

Price

$4,114,286

Price Per SF

$400.46

Cap Rate

NOI

$288,000

Tenancy

Single

Building Height

2 Stories

Building FAR

0.41

Lot Size

0.57 AC

Zoning

CG - Commercial General

Parking

13 Spaces (1.27 Spaces per 1,000 SF Leased)

Frontage

108’ on Emerald Coast Pky

Signage

Retailer
99,999 SF
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Carpet One Floor & Home began in 1985 as a flooring cooperative and has since grown into a broad retail network built around locally owned stores. The company focuses on carpet, hardwood, laminate, luxury vinyl, and tile, along with installation and product guidance for home flooring projects. Carpet One Floor & Home operates as a cooperative of more than 1,000 flooring stores, giving members shared purchasing power while keeping local ownership at the store level. Its market presence centers on residential flooring retail, combining product selection, design support, and installation services under a unified brand.