162 Eglin Pky - Service Station FOR SALE


Fort Walton Beach, FL 32548
$3,509,843 USD
332-345-4222
162 Eglin Pky, Fort Walton Beach, FL for Sale
$3,509,843 USD
Service Station - FOR SALE
1/2
null | 5.75% Cap Rate

162 Eglin Pky
Fort Walton Beach, FL 32548


HIGHLIGHTS

  • Long-Term, Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases
  • Corporate Guarantee
  • Affluent Community
  • Strong Traffic Counts
  • Income Tax Free State

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Caliber Car Wash located at 162 Eglin Pkwy NE, Fort Walton Beach, FL 32548. The site consists of roughly 2,373 rentable square feet of building space on an estimated 0.51-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 3/1/2022. The current annual rent is $201,816 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$3,509,843 USD

PRICE/SF

$1,479 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Car Wash

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

-

APN/PARCEL ID

12-2S-24-0460-0017-004A

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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