For Sale $2,901,000
Property Type Retail - Freestanding
Property Size 6,334 SF
Units 1
Lot Size 0.58 Acre
Property Tenancy Single Tenant
Year Built 2006
Year Renovated 2023
Date Updated Apr 17, 2024

Fort Walton Beach, strategically situated between Pensacola and Panama City, boasts a trade area primarily influenced by military personnel from Eglin Air Force Base and Hurlburt Field. Covering over 463,000 acres, Eglin Air Force Base employs over 8,500 military and around 4,500 civilians, while Hurlburt Field hosts 10,782 active-duty military personnel and 1,316 civilian employees, establishing a robust and stable employment base. The Fort Walton Beach MSA has experienced growth through new projects and infrastructure improvements, attracting private development that, in turn, generates employment opportunities and contributes to a thriving local economy. Northwest Florida College, coupled with the presence of the most extensive U.S. Air Force base globally, further enhances the area's appeal. The combination of a stable economy, a strong tourism market, low state taxes, highly rated school systems, and picturesque beaches has positioned Okaloosa County, Florida, as a highly sought-after MSA for residents and tourists alike.Opportunity awaits with this prime real estate offering of approximately 0.582 acres, featuring a standalone building currently under an NNN lease. Safelite has a 3% annual rent increase. Situated near the core retail trade area, the property boasts convenient access to Eglin Pkwy SE, with a traffic volume of 37,000 AADT. Safelite AutoGlass currently occupies the single-tenant building, ensuring a stable lease arrangement. Strategically positioned, the property enjoys excellent visibility, prominent signage, and ample parking facilities. Just 1 mile away lies the bustling Uptown Station Shopping Center, a key driver of foot traffic to the retail hub of Ft. Walton Beach. The surrounding area is populated by well-known retailers and restaurants, including Party City, CVS, Dollar Tree, Ulta Beauty, Family Dollar, Waffle House, McDonald's, Chick-fil-A, Five Guys, and more. This investment presents a lucrative opportunity in a thriving commercial location.