Graystone Capital Advisors is pleased to present an exceptional investment opportunity located at 28 Perry Avenue SE, Fort Walton Beach, FL. This ±3,432 square-foot, single-tenant retail property is 100% leased to Hanger Clinic: Prosthetics & Orthotics, a nationally recognized provider with over 900 locations. The building, constructed in 1986 and renovated in 1996, is situated on a 0.45-acre lot with prime visibility and a remaining lease term of over 2.8 years (expiring April 30, 2028). The lease includes annual 2% rent escalations, ensuring a predictable income stream with steady growth. At a purchase price of $909,000, the asset generates an annual income of $51,059, reflecting an initial 5.62% cap rate. The current lease structure places responsibility for utility and refuse expenses with the tenant, while the landlord covers all other operating expenses for the property. The lease currently has no options after the expiration of the base term and no rights to purchase, allowing an investor to reposition the asset at market rent and lease terms. While the asset provides a stable tenant and cash flow in the near term, its true value lies in its future potential. Upon the expiration of the current lease, the opportunity exists to renegotiate or re-lease the space at market rates, potentially commanding a new lease rate of $23.31 per square foot (NNN). This offers significant upside, particularly as the market for retail space in the area continues to strengthen. In addition to the current financial stability, the property benefits from a prime location near key demand drivers such as Eglin Air Force Base and HCA Florida Fort WaltonDestin. These major employers drive consistent foot traffic and provide a solid tenant base for future leasing activity. Given the high demand for medical and retail space in the area, this property offers investors both a secure income stream today and substantial growth potential as market conditions improve.