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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
- Prime Location Along US-98 / Traffic 64,000 vehicles per day
- 100% Leased providing longterm in-place cash flow
- Affiliated with Carpet One's 1,000+ Store Network• Recently Expanded into Kitchen Cabinetry
- Within 1 Miles of Destin Commons & Major Retailers
Executive Summary
Presenting an 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. Recently celebrating its 25th anniversary, the company benefits from the purchasing power and brand recognition, one of North America's largest flooring cooperatives. The investment provides stable in-place cash flow and is supported by continued market growth, tourism, demand, and ongoing residential and commercial development throughout the Destin market.
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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