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Cape & Coast Premier Properties 425 US Highway 98 22,694 SF 100% Leased Retail Building Apalachicola, FL 32320 $3,099,923 CAD ($136.60 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Significant AUM
- Strong Corporate Growth
- Corporate Guarantee from StayTerra Vacations, LLC
- Long-Term Absolute Triple (NNN) Lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Cape & Coast Premier Properties located at 425 US-98, Apalachicola, FL 32320. The site consists of roughly 22,694 rentable square feet of building space on an estimated 2-acre parcel of land. This Cape & Coast Premier Properties is subject to a 20-year Triple Net (NNN) lease, which commenced 8/20/2025. The current annual rent is $175,739 and has scheduled increases of 3% annually starting year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,694 SF
Building Class
C
Year Built
1983
Price
$3,099,923 CAD
Price Per SF
$136.60 CAD
Cap Rate
7.75%
NOI
$240,244 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.26
Lot Size
2.00 AC
Zoning
CG - zoning district that accommodates general commercial development, often with a significant emphasis on auto-oriented environments
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 11-09S-08W-0000-0390-0000 | Improvements Assessment | $763,140 CAD |
| Land Assessment | $252,175 CAD | Total Assessment | $1,015,315 CAD |
Property Taxes
Parcel Number
11-09S-08W-0000-0390-0000
Land Assessment
$252,175 CAD
Improvements Assessment
$763,140 CAD
Total Assessment
$1,015,315 CAD
Contacts
-
Glen Kunofsky -
Alexandre Marietto -
Francis Purritano -
Gordon Pollock -
Christopher Marks -
Surmount
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Cape & Coast Premier Properties | 425 US Highway 98
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