10-Year Absolute NNN | Sale - Leaseback | Florida C-Store

Sale/Lease Back Opportunity – $3,000,000.00 | 7% Cap Rate
The Asset: ±5,000 SF of Income-producing Retail Space

Investment Description

180 Mary Esther Parkway offers investors a rare opportunity to acquire a fully operational C-Store and PITA Mediterranean Street Food in the heart of Mary Esther, a coastal community with a strong military presence and established local consumer base. Offered at a 7% cap rate on $210,000 NOI, this investment provides immediate, stabilized cash flow from the day of closing. The property presents a turnkey passive investment opportunity backed by long-term tenancy and an established operating business.

Sale-Leaseback Structure

The seller will execute a sale-leaseback at closing, providing the buyer with a fully occupied asset and an operator-tenant with direct vested interest in the continued success of the property. Both tenants will execute new 10-year NNN leases at closing, creating a passive, management-free investment structure with predictable long-term income.

Investment Highlights

• Long Term Lease – 10 Year Primary Term with 10 Year Option to Renew
• 2% Increases Each Year
• Absolute NNN Land Ownership
• High Profile Location
• 6 multi-product dispensers with 12 Fueling positions
• Experienced seller owns and operates multiple locations in the market.

Capital Improvements 2025-2026

• New exterior and on-site signage installed
• Complete exterior repaint of building, fuel canopy, and poles
• PITA restaurant area renovated with new equipment installation
• Kitchen layout redesigned and updated
• LED lighting installed throughout the interior and building perimeter
• Interior repaint completed throughout the building

Location Description

Located on Mary Esther Boulevard (historically known as the Mary Esther Cutoff), the site handles high vehicle counts, making it a critical “quick-stop” for commuters and travelers. Its recent renovation in 2025 and unbranded status make it a flexible retail asset in a rapidly expanding trade area. People are primarily drawn to Mary Esther, Florida, by its unbeatable coastal location, affordability compared to neighboring beach towns, and its close integration with local military bases. It functions as a peaceful, community-focused suburb with the Emerald Coast tourist hubs easily accessible.