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Goodyear 8460 Navarre Pky 6,400 SF Retail Building Navarre, FL 32566 $1,774,599 ($277.28/SF) 6.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Longstanding Goodyear demonstrating performance across multiple economic cycles
- Significant development in the immediate corridor to include a planned Chick-fil-A
- Adjacent to the planned Navarre Town Center, a 380,000 SF mixed use development comprised of 100,000 SF of retail and 280,000 SF of multi-family
- Corporate location with strong access and visibility to Navarre Parkway (48,000 VPD)
- Low entry point basis with strong underlying real estate fundamentals
- Close proximity to Navarre Beach Causeway connecting Navarre Pkwy to Navarre Beach creating substantial traffic and influx of daytime population
EXECUTIVE SUMMARY
Longstanding corporate Goodyear investment property located on Navarre Parkway which is a major thoroughfare with exposure to over 48,000 vehicles per day. Goodyear has successfully operated at the subject property for over 15 years and recently extended the lease, demonstrating a long-term commitment to the subject property. Significant development in the immediate area which include multifamily, hotel, and retail to include a planned Chick-fil-A in close proximity to the subject property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,400 SF
Year Built
2002
Price
$1,774,599
Price Per SF
$277.28
Cap Rate
6.85%
NOI
$121,560
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.96 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-2S-26-0000-00547-0000 | Improvements Assessment | $899,033 |
| Land Assessment | $390,000 | Total Assessment | $1,289,033 |
PROPERTY TAXES
Parcel Number
20-2S-26-0000-00547-0000
Land Assessment
$390,000
Improvements Assessment
$899,033
Total Assessment
$1,289,033
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Goodyear | 8460 Navarre Pky
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