28 Old Kings Rd N Palm Coast, FL 32137

This retail property is located at 28 Old Kings Road N, Palm Coast, FL 32137. The property benefits from fee simple ownership with enhanced depreciation benefits and an absolute NNN lease, meaning no landlord responsibilities. It is situated in a high-growth market within one of Florida’s fastest-expanding counties. The location is strategic, near I-95 and Palm Coast Parkway, benefiting from heavy traffic volumes. The surrounding area is densely populated, with over 55,000 residents within a 3-mile radius and a high average income of $114,000. A significant employment base of 14,339 employees within 3 miles contributes to strong daily traffic. The property includes 55 parking spaces, supporting high-volume retail use. The lease provides long-term stability with 2% annual rent growth and two 5-year option periods. The property is positioned in the heart of Palm Coast, benefiting from strong household incomes, high homeownership, and sustained population growth. Proximity to Interstate 95 ensures continual traffic flow and high consumer visibility. Nearby commercial centers, hotels, and retail nodes support consistent demand. Palm Coast’s economic outlook is reinforced by multiple major development and infrastructure projects, including Town Center revitalization, large-scale industrial rezoning, and transformative regional initiatives like Project Magellan and Ormond Crossings. The property offers investors an excellent opportunity for durable cash flow, risk-adjusted returns, and long-term market growth potential.