66 Fl-20 Freeport, FL 32439
- Retail properties
- 13,500 SF
- 2.35 lot acres
Current Use by Public Records
- Isalis / Women'S Clothing Store / Jewelry Store
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 66 Fl-20
- Lot size
- 2.35 lot acres
- Property size
- 13,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 13,500-square-foot retail property located at 66 FL-20, Freeport, FL 32439, within the Walton County, Florida Panhandle MSA. The property features a single-tenant, net-leased convenience store occupied by a Dollar Tree/Family Dollar combination store, boasting an ultra-successful format. The current lease commenced April 5th, 2023, and has a remaining term of approximately 8.3 years, expiring February 28th, 2033. The property's strong financial performance is reflected in its $2,484,000 asking price, a $184 per square foot rate, and a 6.75% cap rate, generating a net operating income (NOI) of $167,670. The building, situated on a 2.35-acre lot, underwent renovations in 2023 and benefits from a 100% occupancy rate. The property is zoned for commercial use and enjoys a high-traffic location with a reported 16,500+ vehicles per day on State Road 20. This investment-grade property offers a recession-proof and e-commerce-resistant tenant, making it an attractive and stable long-term investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Walton
- State
- Florida
- Longitude
- -86.1352
- Latitude
- 30.4968
