1598 S County Hwy 393 - Storefront Retail/Office FOR SALE


Santa Rosa Beach, FL 32459
$6,200,000 USD
954-312-1676
1598 S County Hwy 393, Santa Rosa Beach, FL for Sale
$6,200,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | 5.01% Cap Rate

1598 S County Hwy 393
Santa Rosa Beach, FL 32459


OVERVIEW

Prime Location: Situated in the thriving Santa Rosa Beach area, this property offers exceptional visibility and accessibility along South County Highway 393—a key artery that sees consistent traffic flow. The site benefits from its proximity to popular destinations along 30A, attracting both tourists and local residents. High-Demand Retail Corridor: The property is strategically positioned within a rapidly expanding retail corridor, surrounded by established national brands, boutique shops, and high-end residential communities. Its location caters to the increasing demand for retail and service offerings in this sought-after Gulf Coast market. High-Income: Santa Rosa Beach is known for its high-income households and affluent residential communities, providing a solid customer base for retail and service-oriented tenants. The property is well-positioned to cater to the needs of both permanent residents and seasonal visitors. Robust Tourism & Year-Round Appeal: Santa Rosa Beach is part of the 30A corridor, renowned for its stunning beaches, upscale shopping, and vibrant dining scene. The area draws tourists year-round, offering an excellent environment for retail tenants to thrive. Area Growth and New Developments: The ongoing development in the surrounding area, including new residential projects and expanding commercial hubs, further enhances the investment potential of this asset. The property stands to benefit from the increased demand and economic activity in this rapidly growing market. Triple Net Lease Structure: The property's triple net (NNN) lease structure provides a stable income stream with minimal landlord responsibilities, making it an ideal addition to a passive investor's portfolio.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$692 USD /SF

CAP RATE

5.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Promenade

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

Commercial

APN/PARCEL ID

03-3S-20-34000-022-0350

ASK ABOUT THIS PROPERTY

Kaylan KnitowskiFranklin StreetMore Info
954-312-1676

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Kaylan KnitowskiFranklin StreetMore Info
954-312-1676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.