Building Details

Year Built 1997

Buildings 1

Units 1

Tenancy Single

Listing Agency: SURMOUNT

Listed By: Gabriel Britti · License #FL SL3211804 Show Phone

Source: Crexi

Added: Aug 26 Changed: Sep 1 Last Checked: Sep 1 at 9:38PM

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Investment Insights

Based on property information with market context.

This fee-simple commercial property at 980 Cape San Blas Rd is occupied by Cape & Coast Premier Properties, a vacation rental management company founded in 2016. The building was constructed in 1997, and the lease provides a 20-year absolute net structure under which the tenant handles real estate taxes, insurance, utilities, maintenance, and repairs.

Contractual rent increases of 3% begin in year 7. Cape & Coast manages approximately 250 high-end vacation rental homes across Florida’s Forgotten Coast, serving areas from St. George Island to Mexico Beach. Port St. Joe is the Gulf County seat at the intersection of U.S. Highway 98 and State Road 71, near St. Joseph Bay, Cape San Blas, and T.H. Stone Memorial St. Joseph Peninsula State Park.

Key Highlights

• 20‑year absolute net lease structure
• 3% annual rent increases beginning in year 7
• Tenant responsible for taxes, insurance, utilities, maintenance, and repairs

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Explore this area Business Placement

Demographics for 32456, FL

7,439

Population

6,252

Households

1.2

Avg Household Size

55

Median Age

37%

College-Educated

96%

High-School Grad

106.2 sq mi

ZIP Area

70

Density / Sq Mi

$73,723

Median Household Income

$38,630

Median Earnings

$1,363

Median Rent

$338,100

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Fee-simple commercial property leased on an absolute net basis with scheduled contractual rent increases.

Where is this nnn property located?

The property is located at 980 CAPE SAN BLAS RD Port Saint Joe, FL.

What is the asking price?

The asking price for this property is $959,393.

What are key features of this property?

This property features: 20‑year absolute net lease structure; 3% annual rent increases beginning in year 7; Tenant responsible for taxes, insurance, utilities, maintenance, and repairs