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Pho' 99 8147 Navarre Pky 1,307 SF Retail Building Navarre, FL 32566 $1,195,950 CAD ($915.03 CAD/SF) 25% Cap Rate



Investment Highlights
- Daily traffic count that consistently exceeds 40K+ vehicles
- Comfortably fits 23 tables and 46 chairs with room to spare.
- 20+ parking spots
Executive Summary
Exceptional chance to acquire Pho’ 99, a well-established and profitable Vietnamese restaurant positioned directly on the highly traveled Hwy 98 in Navarre. This turnkey operation benefits from outstanding visibility along one of the region’s busiest commercial corridors, with daily traffic counts that consistently exceed 40,000+ vehicles, ensuring strong exposure and steady customer flow.
The restaurant features a loyal local following, proven year-over-year profitability, and a streamlined operational setup ideal for both owner-operators and investors seeking a stable, income-producing asset. Its location places it minutes from Navarre Beach, major residential growth zones, and complementary retail, driving continuous demand.
With its strong brand presence, efficient layout, and unbeatable Hwy 98 frontage, Pho’ 99 offers a rare opportunity to step into a thriving business in one of Florida’s fastest-growing coastal communities.
Asking price includes business and building to include all equipment. Seller will sell the business separately but not the building. Property will be on supra (backdoor). Contact David Wood at (301) 257-2297 or Chester Gamble at (850) 781-8180 for showing time request.
The restaurant features a loyal local following, proven year-over-year profitability, and a streamlined operational setup ideal for both owner-operators and investors seeking a stable, income-producing asset. Its location places it minutes from Navarre Beach, major residential growth zones, and complementary retail, driving continuous demand.
With its strong brand presence, efficient layout, and unbeatable Hwy 98 frontage, Pho’ 99 offers a rare opportunity to step into a thriving business in one of Florida’s fastest-growing coastal communities.
Asking price includes business and building to include all equipment. Seller will sell the business separately but not the building. Property will be on supra (backdoor). Contact David Wood at (301) 257-2297 or Chester Gamble at (850) 781-8180 for showing time request.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$788,919
|
$603.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$788,919
|
$603.61
|
| Taxes |
$5,107
|
$3.91
|
| Operating Expenses |
$570,935
|
$436.83
|
| Total Expenses |
$576,043
|
$440.74
|
| Net Operating Income |
$212,876
|
$162.87
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $788,919 |
| Annual Per SF | $603.61 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $788,919 |
| Annual Per SF | $603.61 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,107 |
| Annual Per SF | $3.91 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $570,935 |
| Annual Per SF | $436.83 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $576,043 |
| Annual Per SF | $440.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $212,876 |
| Annual Per SF | $162.87 |
Property Facts
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,307 SF
Building Class
C
Year Built/Renovated
1985/2010
Price
$1,195,950 CAD
Price Per SF
$915.03 CAD
Cap Rate
25%
NOI
$298,987 CAD
Business Value
$422,100 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.03 AC
Zoning
HCD - Highway Commercial Development
About 8147 NAVARRE PKY , NAVARRE, FL 32566
WEST NAVARRE SUB E 55.80 FT OF LOT 7 BLK 5 LESS THE E 19.60 FT & LESS THE S 14.6 FT & LESS THE N 63 FT (FOR ESMNT) ALL AS DES IN OR 4463 PG 1283
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-2S-26-5770-00500-0061 | Total Assessment | $448,391 CAD |
| Land Assessment | $139,293 CAD | Annual Taxes | $5,107 CAD ($3.91 CAD/SF) |
| Improvements Assessment | $309,098 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
20-2S-26-5770-00500-0061
Land Assessment
$139,293 CAD
Improvements Assessment
$309,098 CAD
Total Assessment
$448,391 CAD
Annual Taxes
$5,107 CAD ($3.91 CAD/SF)
Tax Year
2025
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Pho' 99 | 8147 Navarre Pky
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