180 Mary Esther Blvd Mary Esther, FL 32569

Building Details

Year Built

2013

Listing office Bay City Realty

Listing date May 21, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This property at 180 Mary Esther Parkway presents an opportunity to acquire a fully operational convenience store and PITA Mediterranean Street Food restaurant. The property is located in Mary Esther, a coastal community with a significant military presence and a local consumer base. The seller will execute a sale-leaseback at closing, providing the buyer with a fully occupied asset. Both tenants will execute new 10-year NNN leases at closing. The property is offered at a 7% cap rate on $210,000 net operating income. Situated on Mary Esther Boulevard, also known as the Mary Esther Cutoff, the site benefits from high vehicle traffic. The property was recently renovated in 2025 and operates as an unbranded retail location. Mary Esther, Florida, is known for its coastal location, affordability, and proximity to military bases, functioning as a community-focused suburb with access to Emerald Coast tourist hubs. The property size is 5196 square feet.

Key Highlights

• Fully operational C‑Store and PITA Mediterranean Street Food business with immediate, stabilized cash flow.
• Excellent 7% cap rate on $210,000 NOI.
• New 10‑year NNN leases executed at closing, providing a passive, management‑free investment structure.

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Similar Off Market Nearby

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FAQs

What type of property is this?

Grocery and convenience store - Fully operational C-Store and restaurant with long-term tenants.

Where is this grocery and convenience store located?

The property is located at 180 Mary Esther Blvd Mary Esther, FL.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: Fully operational C‑Store and PITA Mediterranean Street Food business with immediate, stabilized cash flow.; Excellent 7% cap rate on $210,000 NOI.; New 10‑year NNN leases executed at closing, providing a passive, management‑free investment structure.