Miller's Ale House

7,202 SF | Retail Building | Palm Coast, FL 32164 | $6,730,000 ($934/SF) | 5.20% Cap Rate

Asking Price $6,730,000

Property Type: Retail, Restaurant
Square Feet: 7,202 SF
Price / Square Foot: $934

Listing Contacts

Ray Romano

Verified Profile

Mark Drazek

Verified Profile

Property Info

Property Overview

CBRE is pleased to present this newly developed 15-year corporate Miller’s Ale House located at the entrance to Cornerstone at Seminole Woods – a new 31 acre retail center anchored by BJ’s Wholesale Club on State Highway 100 just off Interstate 95 in the high growth Florida market of Palm Coast. Chase Bank, Longhorn Steakhouse and Chick-fil-A will also have a presence at this new retail center joining the other well-known retailers along this corridor such as Panera, Chipotle, Wawa, Aldi, Tractor Supply Company, Walgreens, Olive Garden, Super Target, Panda Express, Ross, TJ Maxx and Starbucks.
According to the US Census Bureau’s estimate, Palm Coast is the fifth fastest growing city in the state of Florida which has been the fastest growing state in the country in recent years.

Property Details

Year Built: 2024
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 66,647 SF

Highlights

New 2024 construction
Corporately guaranteed, long-term 15-year lease
Absolute NNN lease – No landlord management obligations
Rare 2% annual rent increases starting year 2 throughout initial term and renewal options
Located in the high growth Palm Coast market with above average household incomes
NO STATE INCOME TAX, Florida is the Highest Net Domestic Migration/Growth State in the U.S.

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