1012 Airport Rd - Office/Residential FOR SALE


Destin, FL 32541
$3,317,000 USD
818-281-7893
1012 Airport Rd, Destin, FL for Sale
$3,317,000 USD
Office/Residential - FOR SALE
1/12
null | 8% Cap Rate

1012 Airport Rd
Destin, FL 32541


HIGHLIGHTS

  • Brand new 10-year absolute NNN lease - No landlord responsibilities whatsoever
  • Strong / National Tenant - Micro Suites USA managed by Regus
  • Strong location directly adjacent to Destin Executive Airport
  • Boasts high visibility along Airport Road in a dense office corridor
  • Located near multiple national retailers such as Target, UPS, Chick-Fil-A, CVS, Crumbl Cookies, Hobby Lobby, Walmart, Publix and more
  • 1 Mile From Downtown Destin, a major vacation and tourism destination seeing 4.5 million annual visitors

OVERVIEW

Brand new 10-year absolute NNN lease with Micro Suites USA managed by Regus Lease features annual 2% rental increases No landlord management required Strong / National Tenant - Micro Suites USA managed by Regus, which has thousands of locations in over 120 countries, with a global network of workspaces that has created a business community of 2.5 million people 2 Miles From Destin Beach access and multiple conference centers, hotels and beach resorts in Destin 15 Miles From Eglin Air Force Base, The Largest Air Force Base in the world and a major command base with over 19,000 personnel, and 16 miles from Hurlburt Field Air Force Base, With 7,900+ active duty and 17,00+ civilian employees Strong Demographic / Affluent Location - The average household income is $116,457 within a 3-mile radius Florida’s Emerald Coast is a major economic driver in the state due to a combination of tourism, vacation homes and military bases, contributing billions to the economy

FOR SALE DETAILS

PRICE

$3,317,000 USD

PRICE/SF

$737 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New 10-Yr Abs NNN Lease with Regus

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

00-2S-22-1615-0000-0CA0

ASK ABOUT THIS PROPERTY

Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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

Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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