Goodyear Tire & Rubber NNN Property For Sale — Destin, FL
34721 Emerald Coast Pkwy, Destin, FL 32541
This newly built (2015) single-tenant retail property offers an exceptional investment opportunity. Located in a high-barrier-to-entry market in Florida, the asset features a long-term NNN lease with a creditworthy, publicly traded tenant, Goodyear Tire & Rubber (S&P: BB-). The property benefits from strong trade area demographics and is situated in Destin, FL, a popular tourist destination known for its white beaches and emerald green waters. The area attracts over 80% of the Emerald Coast's 4.5 million annual visitors, boasting an average home price exceeding $400,000 and a median household income of approximately $60,000.
- Address: 34721 Emerald Coast Pkwy, Destin, FL 32541
- Asking price $4.51M
- 5.50% cap rate
- NOI $248,215
- 3.7 years remaining
- NNN lease
- Building size: 6,066 SF
- Lot size: 1.23 acres
- Lease expiration: May 31, 2030
- Rent increases: 10% lease escalations every five years
- Guarantor: Corporate
Location
This Goodyear Tire & Rubber property is at 34721 Emerald Coast Pkwy in Destin, Florida.
Asset type: Retail - Automotive