For Sale
$3,000,000
4619 Main StHolt, FL 32564
High-Yield Shell & Browns Supermarket
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Rebranded 4-pump Shell gas station with fully remodeled Browns Supermarket and single-family home; 20-year NNN lease in place.
- $240,000+ annual minimum income with strong, proven tenant; 8%+ cap rate increasing to 12% by lease end; average 10% cap rate over 20 years.
- Tenant operates five similar locations, has strong financials, and over 10 years experience. Browns Supermarket, operating for over 50 years, recently remodeled with planned upgrades.
- Supermarket features deli, hot food, full kitchen, and dining area; attracts local and highway (I-10) traffic. Gas station fully rebranded in 2023 with new equipment, pumps, canopy, signage, and lighting.
- Triple-net (NNN) lease covers gas station, supermarket, and single-family home; tenant responsible for all expenses. Seller financing available: up to $500,000 at 6% interest-only, 2-year balloon.
- Only pure NNN Shell gas station with attached supermarket within a 10-mile radius of I-10; 10% rental increases every 5 years.
Property Details for 4619 Main St
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 5,425 SF
- Class
- A
- Year Built/Renovated
- 1965/2024
- Buildings
- 2
- Stories
- 1
- Lot Size (sq. ft)
- 27,443 SF
- Units
- 1
Location Insight
- City
- Holt
- County
- Okaloosa
- State
- Florida
- Latitude
- 30.7150196
- Longitude
- -86.7476814
4619 Main St, Holt, Florida
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