399 Mary Esther Cut Off NW - Fast Food FOR SALE


Fort Walton Beach, FL 32548- Wright
$3,000,000 USD
480-221-4221
399 Mary Esther Cut Off NW, Fort Walton Beach, FL for Sale
$3,000,000 USD
Fast Food - FOR SALE
1/7
null | 4.71% Cap Rate

399 Mary Esther Cut Off NW
Fort Walton Beach, FL 32548
Wright


HIGHLIGHTS

  • 10+ Years Remaining | Scheduled Rental Increases | Options to Extend
  • Absolute NNN | Fee Simple Ownership
  • Near Signalized, Hard Corner Intersection | Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Income

OVERVIEW

• The tenant currently has 10+ years remaining on their initial lease with 3 (5-year) options to extend • Corporate signed lease by Whataburger Restaurants, LLC • The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$956 USD /SF

CAP RATE

4.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,998 SF

ZONING

GC

APN/PARCEL ID

10-2S-24-1010-0001-014B

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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