Fort Walton Beach | Multi-Tenant Center

Highlights:

• 100% Occupied Newly Constructed 3-Unit Strip Center With National Tenants
• Brand-New Long-Term Leases With Option Periods and 10% Rental Increases Every 5 Years
• All Tenants Reimburse Their Pro Rata Share of Taxes, CAM Expenses and Insurance
• Strong Demographics With Over 59,307 Residents Making an Average Household Income of $71,781 Within a 3-Mile Radius
• Located Directly on the Corner of Eglin Parkway NE and Garnett Avenue With Over 52,227 VPD
• Fort Walton Beach is the Principal City of the Fort Walton Beach–Crestview-Destin MSA
• Corporate Guarantee From T-Mobile
• Strong Jersey Mike’s Operator With Over 20 Locations
• Dunkin’ Lease Guaranteed By Strong Multi-Concept Franchisee That Currently Owns and Operates Over 160 Locations Across 6 Concepts, 80 of Which Are Dunkin’/Baskin-Robbins Locations in Both Florida and Alabama
• Florida is an Income Tax Free State
• Over the Past Year, Fort Walton Beach Saw Its Number of Visitors Increase 10.2% From 3.6 Million to Almost 4 Million; Those Tourists Spent More Than $2.5 Billion and Had an Overall Economic Impact of More Than $3.8 Billion
• Fort Walton Beach is Home to Eglin Air Force Base Which is Considered the Largest Air Force Installation in the Free World
• Nearby Tenants Include: Winn-Dixie, Dollar General, Five Below, Family Dollar, Ross, Lumber Liquidators, Sherwin-Williams, OneMain Financial, Party City, Enterprise Rent-A-Car, McAlister’s Deli, Buffalo Wild Wings, Starbucks and Many More

Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the Fort Walton Beach Multi-Tenant Center Located at 167 Eglin Parkway in Fort Walton Beach, FL. This Deal Includes a Newly Constructed 3-Unit Strip Center With Zero Vacancies, Providing For an Excellent Investment.






In Cooperation With SIG RE Services, LLC Lic. # CQ1055229

Documents: