44 Eglin Pky - Fast Food FOR SALE


Fort Walton Beach, FL 32548
$1,635,000 USD
973-632-1386
44 Eglin Pky, Fort Walton Beach, FL for Sale
$1,635,000 USD
Fast Food - FOR SALE
1/12
null | 5.75% Cap Rate

44 Eglin Pky
Fort Walton Beach, FL 32548


HIGHLIGHTS

  • 14 Years Remaining | Scheduled Rental Increases |Established Franchisee (33+ Locations) | Growing Brand
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Uptown Station (254,000 SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence | Fort Walton Beach
  • Located Along Eglin Pkwy NE (42,500 VPD) | Excellent Visibility & Access | Drive-Thru Equipped
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• The tenant currently has 14 years remaining on their initial lease with 3 (5-Year) options to extend, demonstrating their commitment to the site • The lease features 10% increases every 5 years during the initial lease and at the beginning of each option, growing NOI and hedging against inflation • The lease is guaranteed by, 7 Crew Enterprises LLC, who currently operates 33+ locations as well as two personal guarantees from the franchisee founders, throughout Texas, Oklahoma, Florida, and Colorada, with another 30+ under development • 7 Brew has 3,000 units sold to franchisee partners • The subject property is a 1,640 SF building featuring a double drive-thru, offering superior intrinsic value compared to 7Brew’s standard 950 SF modular stand prototype • 7 Brew is one of the fastest growing coffee chains in the U.S. with over 350 locations across 32 states

FOR SALE DETAILS

PRICE

$1,635,000 USD

PRICE/SF

$739 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

CG

APN/PARCEL ID

13-2S-24-1880-0007-0060

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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