301 Monument Ave, Port St Joe, FL 32456-1817

This exceptional 3,600 square foot shopping center in Port St. Joe, Florida, presents a compelling investment opportunity. Located at 301 Monument Ave, this single-story, Class C property sits on a 14,400 square foot lot and boasts 100% occupancy with four tenants under long-term leases. The current annual net operating income (NOI) is $94,200, yielding a 5.89% cap rate, with a pro-forma NOI of $97,000 and a pro-forma cap rate of 6.06%. The asking price is $1,600,000, translating to $444.44 per square foot. Tenants include a restaurant, vape store, and two additional businesses, generating a stable monthly income of $8,700. The property underwent a complete renovation in 2019, featuring central air conditioning, four bathrooms, and ducted heat. Annual expenses, including taxes and insurance, total approximately $10,200. The remaining lease term is five years, offering a strong foundation for future growth and potential rent increases. This property is offered for sale by owner and represents a rare chance to acquire a well-maintained, high-performing retail asset in a desirable location. The property features four units within a single building.