794 Beal Pky N - Car Washes FOR SALE


Fort Walton Beach, FL 32547- Wright
$4,400,000 USD
914-403-7574
794 Beal Pky N, Fort Walton Beach, FL for Sale
$4,400,000 USD
Car Washes - FOR SALE
1/3
null | 6.25% Cap Rate

794 Beal Pky N
Fort Walton Beach, FL 32547
Wright


HIGHLIGHTS

  • Strong Corporate Guaranty
  • Bonus Depreciation Opportunity
  • Strategic Position Along Fort Walton Beach’s Primary Retail Corridor
  • Dense Retail Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 794 Beal Pkwy, Fort Walton Beach, FL 32547. The site consists of roughly 3,755 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Caliber Car Wash is subject to a 22-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $275,000 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$975 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

-

APN/PARCEL ID

03-2S-24-0000-0142-0000

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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