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Cape & Coast Premier Properties 425 US Highway 98 21,668 SF 100% Leased Retail Building Apalachicola, FL 32320 $2,423,986 ($111.87/SF) 7.25% Cap Rate
Investment Highlights
- Long-Term Absolute Triple (NNN) Lease
- Strong Corporate Growth
- Corporate Guarantee from StayTerra Vacations, LLC
- Significant AUM
Executive Summary
Surmount is pleased to present the exclusive listing for a Cape & Coast Premier Properties located at 425 US-98, Apalachicola, FL 32320. The site consists of roughly 21,668 rentable square feet of building space on an estimated 2-acre parcel of land. This Cape & Coast Premier Properties is subject to a 20-year Triple Net (NNN) lease, which commenced 8/20/2025. The current annual rent is $175,739 and has scheduled increases of 3% annually starting year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,668 SF
Building Class
C
Year Built
1983
Price
$2,423,986
Price Per SF
$111.87
Cap Rate
7.25%
NOI
$175,739
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
2.00 AC
Zoning
CG - zoning district that accommodates general commercial development, often with a significant emphasis on auto-oriented environments
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 11-09S-08W-0000-0390-0000 | Improvements Assessment | $558,341 |
| Land Assessment | $184,500 | Total Assessment | $742,841 |
Property Taxes
Parcel Number
11-09S-08W-0000-0390-0000
Land Assessment
$184,500
Improvements Assessment
$558,341
Total Assessment
$742,841
Contacts
-
Glen Kunofsky -
Alexandre Marietto -
Francis Purritano -
Gordon Pollock -
Christopher Marks -
Surmount
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Photos
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Street
Map
Presented by
Cape & Coast Premier Properties | 425 US Highway 98
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