Commercial Real Estate /FL /Okaloosa County /Fort Walton Beach /101 Racetrack Rd NW
Commercial Real Estate /FL /Okaloosa County /Fort Walton Beach /101 Racetrack Rd NW
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101 Racetrack Rd NW - Bank FOR SALE


Fort Walton Beach, FL 32547 | 
Off Market
1/7

101 Racetrack Rd NW
Fort Walton Beach, FL 32547

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HIGHLIGHTS

  • Absolute NNN ground lease with zero landlord responsibilities
  • Corporate guarantee (NYSE: PNC) backed by 2,612+ locations and over $558B in deposits
  • 6 years remaining on initial term
  • Attractive 15% increases every 5 years
  • Income tax free state (FL)
  • Outparcel to 93,650 SF Big Lots anchored shopping center

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

PNC Bank | Absolute NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

3346

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

02-2S-24-2200-000B-001B
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