162 Eglin Pky - Service Station FOR SALE


Fort Walton Beach, FL 32548
$3,229,040 USD
203-912-4896
162 Eglin Pky, Fort Walton Beach, FL for Sale
$3,229,040 USD
Service Station - FOR SALE
1/2
null | 6.25% Cap Rate

162 Eglin Pky
Fort Walton Beach, FL 32548


HIGHLIGHTS

  • Long-Term, Absolute Triple Net (NNN) Lease
  • Bonus Depreciaton | The property qualifies for accelerated depreciation, including bonus depreciation
  • Corporate Guarantee | The lease will be subject to a strong corporate guarantee from Clydsdale Holdings LLC

OVERVIEW

Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 162 Eglin Parkway Northeast, Fort Walton Beach, FL 32548. The site consists of roughly 2,373 rentable square feet of building space on an estimated 0.51-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 3/1/2022. The current annual rent is $201,815 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$3,229,040 USD

PRICE/SF

$1,361 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Car Wash

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

2

APN/PARCEL ID

12-2S-24-0460-0017-004A

ASK ABOUT THIS PROPERTY

Matthew FraserSurmountMore Info
203-912-4896

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Matthew FraserSurmountMore Info
203-912-4896

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