431 Racetrack Rd Nw - Flex FOR SALE


Fort Walton Beach, FL 32547- Wright
$750,000 USD
850-865-9123
431 Racetrack Rd Nw, Fort Walton Beach, FL for Sale
$750,000 USD
Flex - FOR SALE
1/14
null | 8.32% Cap Rate

431 Racetrack Rd Nw
Fort Walton Beach, FL 32547
Wright


HIGHLIGHTS

  • 4 year initial lease with regional tenant
  • 3% annual increases to the base rent

OVERVIEW

Freestanding, Income producing asset occupied by Wesco Gas. They are a successful regional tenant servicing Propane Gas needs for the area. They have 12 total stores under management in the Southeast. Highly visible location along Racetrack Road in Fort Walton Beach, FL. This freestanding building has great curb appeal and is very functional for many different business types. Glass storefront with open showroom, new LVP flooring, several offices, kitchen/ break area, 2 restrooms and rear warehouse with two roll up doors. Nice amount of parking to allow for large trucks & trailers. Fenced in rear lot for outdoor storage. Building make up is roughly 2,500 SF showroom / office and 3,000 SF warehouse.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

8.32%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36

LAND SF

15,682

ZONING

-

APN/PARCEL ID

03-2S-24-0000-0039-0000

ASK ABOUT THIS PROPERTY

Brett StuartTaylor Allen PropertiesMore Info
850-865-9123

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Brett StuartTaylor Allen PropertiesMore Info
850-865-9123

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