44 Eglin Pky - Restaurant FOR SALE
Fort Walton Beach, FL 32548 |
$1,709,090 USD
770-800-3035
44 Eglin Pky
Fort Walton Beach, FL 32548
HIGHLIGHTS
- Rare Absolute Net Ground Lease Structure With Landlord Maintaining Title
- Large 1,640 SF 7-Brew Conversion Compared to the Typical 500 SF Modular Model
- 15-Year Absolute Net Lease With No Landlord Responsibilities
- 10% Increases Every 5 Years
- Dense Residential Population With Over 51,000 Residents Within 3- Miles
- Located on Elgin Pkwy, Which Sees Over 49,000 Vehicles Per Day & Connects the Largest Air Force Base in the World to U.S Hwy 98
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 1,640 SF 7 -Brew Coffee Located at 44 Eglin Parkway NorthEast in Fort Walton Beach, FL. This Deal Includes a 15-Year Absolute Net Ground Lease and Located Within Minutes of Eglin Air Force Base, the Largest Air Force Base in the World, Providing For a Secured Investment.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BOR: Andrew Ackerman Lic. FL #BK3369953
FOR SALE DETAILS
PRICE
$1,709,090 USD
PRICE/SF
$1,042 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
7-Brew Coffee - Fort Walton Beach, FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.38 AC
LAND SF
16,553 SF
ZONING
CG
APN/PARCEL ID
13-2S-24-1880-0007-0060
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770-800-3035
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770-800-3035
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