Fort Walton Beach, FL - Whataburger

Description:

• The tenant currently has 10+ years remaining on their initial lease with 3 (5-year) options to extend
• Corporate signed lease by Whataburger Restaurants, LLC
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation

• The subject property is located near the signalized, hard corner intersection of Mary Esther Cut Off and U.S. Hwy 393 which combined average 88,500 vehicles passing by daily
• The site is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Publix, Walmart, Aldi, Home Depot, Lowe’s, Sam’s Club, Old Navy, and more

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Listing ID: a28TP000001kM1lYAE