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Carpet One 36070 Emerald Coast Pky 10,274 SF Retail Building Destin, FL 32541 $5,841,874 CAD ($568.61 CAD/SF) 7% Cap Rate

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Investment Highlights

Prime Location Along US-98 / Traffic 64,000 vehicles per day
100% Leased providing longterm in-place cash flow

Affiliated with Carpet One's 1,000+ Store Network• Recently Expanded into Kitchen Cabinetry
Within 1 Miles of Destin Commons & Major Retailers

Executive Summary

Presenting an exceptional single-tenant retail investment leased to Coastal Carpet & Tile Carpet One Floor & Home, a well-established flooring and kitchen & bath retailer serving Florida's Emerald Coast since 1999. Recently celebrating its 25th anniversary, the company benefits from the purchasing power and brand recognition, one of North America's largest flooring cooperatives. The investment provides stable in-place cash flow and is supported by continued market growth, tourism, demand, and ongoing residential and commercial development throughout the Destin market.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

10,274 SF

Building Class

Year Built

2003

Price

$5,841,874 CAD

Price Per SF

$568.61 CAD

Cap Rate

NOI

$408,931 CAD

Tenancy

Single

Building Height

2 Stories

Building FAR

0.41

Lot Size

0.57 AC

Zoning

CG - Commercial General

Parking

13 Spaces (1.27 Spaces per 1,000 SF Leased)

Frontage

108’ on Emerald Coast Pky

Signage

Retailer
99,999 SF
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Carpet One Floor & Home began in 1985 as a flooring cooperative and has since grown into a broad retail network built around locally owned stores. The company focuses on carpet, hardwood, laminate, luxury vinyl, and tile, along with installation and product guidance for home flooring projects. Carpet One Floor & Home operates as a cooperative of more than 1,000 flooring stores, giving members shared purchasing power while keeping local ownership at the store level. Its market presence centers on residential flooring retail, combining product selection, design support, and installation services under a unified brand.