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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
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
- Company revenue is mid $3M annually
- Tenant Affiliated with Carpet One's 1,000+ Store Network
- 1-2 Miles from Destin Commons & Major Retailers; Publix, Walmart, Target, Whole foods, etc.
- RANKED #1 Flooring location in Destin 2026
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,274 SF
Building Class
B
Year Built
2003
Price
$4,114,286
Price Per SF
$400.46
Cap Rate
7%
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
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00-2S-22-2380-0000-0090 | Improvements Assessment | $809,682 |
| Land Assessment | $637,116 | Total Assessment | $1,446,798 |
Property Taxes
Parcel Number
00-2S-22-2380-0000-0090
Land Assessment
$637,116
Improvements Assessment
$809,682
Total Assessment
$1,446,798
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