Restaurant Space For Lease

Retail-Commercial for Lease
Catylist Listing ID: 30861772
Property Subtypes: Restaurant
Contiguous Space: 4,814 SF
Gross Building Area: See Agent
Gross Land Area: 1.11 Acres
Lease Rate: $19.74 PSF (Annual)
Base Monthly Rent: $7,919
Lease Types: NNN
Last Updated: 7/24/2024

Overview / Comments

Fort Walton Beach is located between Pensacola and Panama City. The Property's trade area is characterized mainly by military personnel from Eglin Air Force Base and Hurlburt Field. Eglin Air Force Base covers over 463,000 acres and employs more than 8,500 military and approximately 4,500 civilians. Hurlburt Field has 10,782 active-duty military personnel and 1,316 civilian employees. These combine to create a stable employment base for the trade area, making it highly desirable. The new projects and infrastructure improvements within the Fort Walton Beach MSA have drawn private development to the city, creating new jobs and a booming economy. With the stable economy, Northwest Florida College, the most extensive U.S. Air Force base globally, a strong tourism market, low state taxes, highly rated school systems, and beautiful beaches, Okaloosa County, Florida, has become a highly sought-after MSA and community to reside and popular tourist destination.

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Suite: 258 4,814 SF $19.74 PSF (Annual) NNN
Space Available: 4,814 SF
Lease Rate: $19.74 PSF (Annual)
$7,919 (Monthly)
Lease Type: NNN
Space Description: Freestanding restaurant building available for lease in the heart of Fort Walton Beach, FL. The +/-4,814 SF building is situated on +/-1.11 acres and would be an ideal second-generation restaurant location. The space has an outdoor patio, bar, two separate dining rooms, two sets of customer bathrooms, and one employee bathroom in the back. The property has easy access, good visibility, and a private parking lot. The site experiences 42,500 AADT along Eglin Pkwy, the main thoroughfare. The property is within 1.03 miles of Okaloosa Island and the 300,000 SF shopping center Uptown Station. National retailers and restaurants nearby include Publix, West Marine, Winn-Dixie, Party City, Ulta, Five Below, Ross Dress for Less, Whataburger, Starbucks, Five Guys, Buffalo Wild Wings, Firehouse Subs, and many more.
Date Available: 11/27/2023
Lease Term: 60 Months
Space Type: Relet
Offices 2

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 12-2S-24-0000-0001-0030
Property Visibility: Excellent
Largest Nearby Street: Eglin Pkwy
Feet of Frontage: 300
Traffic/Vehicle Count: 42,500
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1950
Construction/Siding: Brick
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,711 57,917 65,566
Median Age: 42.07 39.43 39.06
Households: 4,164 25,097 28,011


Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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