2760 US Highway 331 S - Restaurant FOR SALE


Defuniak Springs, FL 32435
$3,044,000 USD
510-289-1166
2760 US Highway 331 S, Defuniak Springs, FL for Sale
$3,044,000 USD
Restaurant - FOR SALE
1/4
null | 6% Cap Rate

2760 US Highway 331 S
Defuniak Springs, FL 32435


HIGHLIGHTS

  • New 20-Year Absolute NNN Lease to Del Taco
  • Scheduled 7.5% Rental Escalations throughout Primary Term
  • Established Del Taco Operator with 80+ Del Taco Units Across Florida & Georgia
  • Average Household Income Expected to Grow 21% by 2029
  • Adjacent to Country Ridge Estates Subdivision Slated to Include 180+ New Single Family Residences, 120 Townhomes, and 7 Acre Commercial Site
  • 25 Miles from Santa Rosa Beach Tourist Hub - Economic Impact of $7.2 Billion for Walton County

OVERVIEW

The subject property is prominently located with excellent access and visibility along US Highway 331 (31,500 AADT) in close proximity to its junction with I-10 (20,157 AADT). The site benefits from rapidly growing demographics in the surrounding area with strong income and home value growth due to extensive development activity. Total daytime population within a 5 mile radius is 12,733, and average household income within 3 miles of the site is expected to grow to $102,759 by 2029, a nearly 21% increase from 2024. Average home value within 5 miles of the site is expected to grow from $312,744 to $539,930, an increase of 72.6%. The annual population growth rate within 1 mile of the site is 2.44%. The site benefits from a prominent location in close proximity to retail centers, employers, and planned developments. The property is located adjacent to the new Country Ridge Estates subdivision, slated to include 180 new single family residences, 120 townhomes, and a 7-acre commercial site, and is across the street from the planned Veteran’s Lodge development, a 300-acre veterans rehabilitation community featuring a state of the art brain injury rehabilitation and research center, education and workforce training center, activity center, residential cabins, recreational areas, chapels, and gardens. The property is located outparcel to a new Tractor Supply Company location with additional new retail tenants in the surrounding area including Chick-fil-A, Wendy’s, Whataburger, KFC, Zaxby’s, and McDonald’s. This property is listed in conjunction with Florida-licensed real estate broker Robert Long.

FOR SALE DETAILS

PRICE

$3,044,000 USD

PRICE/SF

$1,323 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Del Taco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,280 SF

ZONING

-

APN/PARCEL ID

10-2N-19-18000-001-0090,10-2N-19-18000-001-0190

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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