4619 Main St Holt, FL
Call to check price and availability
Gas station with supermarket, home, and strong lease terms.
Type:RETAIL
Property size:
7,491 SFLot size:
0.63 AcresPrice / SF:
$393/SF- Added:
- Jan 3, 2025
- Days on Market:
- 482
- Last Refresh:
- Apr 5 at 10:57 pm
Property Features for 4619 Main St
General Information
- Standard status
- Active
- Size
- 7,491 SF
- Lot size
- 0.63 Acres
- Property subtype
- RETAIL
Listing agent David Rosenthal License #BK3076744 (813) 245-7333
Listing office Grimaldi Commercial Realty Corp (813) 245-7333
Listing date Jan 3, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Grimaldi Commercial Realty Corp
Overview
Shell Gas Station Investment Opportunity
This property features a Shell gas station, a Browns supermarket, and a single-family home located at the rear of the property. The gas station benefits from a 20-year pure NNN lease, with a monthly rental rate starting at $20,000. The lease includes 10% rental increases every 5 years. The average 20-year cap rate is projected at 10%, with an in-place cap rate of 8% in 2024, increasing to 9% in 2029, 10% in 2034, and 11% in 2039. The gas station is the only one within a 10-mile radius directly off of Highway I-10. Browns supermarket has been a community staple for over 50 years. Recent renovations include a new canopy, new pumps, new lighting, new signage, and a new deli counter. A state-of-the-art check-out counter is planned for August of 2024. The property encompasses 7491 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Gas stations
Location Insight
- Map
- Local Demand
- City
- Holt
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.7476
- Latitude
- 30.7152
Nearby Similar for Sale
FAQs
What type of property is this?
Gas station - Gas station with supermarket, home, and strong lease terms.
Where is this gas station located?
The property is located at 4619 Main St Holt, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 20‑year NNN lease in place with a starting monthly rental rate of $20,000.; Average 20‑year cap rate of 10% with scheduled increases: 8% (2024), 9% (2029), 10% (2034), 11% (2039).; Seller financing available up to $500,000 at 6% interest‑only with a 2‑year balloon.
