1012 Airport Rd - Office/Residential FOR SALE


Destin, FL 32541
$2,949,000 USD
818-281-7893
1012 Airport Rd, Destin, FL for Sale
$2,949,000 USD
Office/Residential - FOR SALE
1/12
null | 9% 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 - Tenant takes care of taxes, maintenance, CAM, and roof & structure - 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 - Affluent Location / Strong Demographics - 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

$2,949,000 USD

PRICE/SF

$655 USD /SF

CAP RATE

9%

% 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

B

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

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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.