4895 Belle Terre Pkwy Palm Coast, FL 32137-8696

This exceptional investment opportunity presents a fee-simple ownership of a 2,400-square-foot, Class A, single-tenant retail storefront occupied by Verizon Wireless. Located at 4895 Belle Terre Pkwy, Palm Coast, FL 32137, this property boasts a prime location on a 0.63-acre lot at the northwest quadrant of Belle Terre Pkwy and Palm Coast Pkwy SW, benefiting from access to two signalized intersections. The property, built in 2014, is part of a thriving retail area including Publix, Aldi, McDonald's, AutoZone, Kohl's, PNC Bank, Circle K, Space Coast Credit Union, and Walgreens. The current lease, a triple-net (NNN) agreement with a franchisee tenant, commenced on May 9, 2014, and expires May 31, 2029, with one five-year option remaining. The lease includes rent bumps. The property generates a strong net operating income (NOI) of $145,200, representing a 6.00% cap rate on the asking price of $2,420,000. The property features one single-story building and enjoys 100% occupancy. The estimated population within a five-mile radius exceeds 88,000, with an average income exceeding $112,000. This is a debt-free, all-cash purchase opportunity.