Investment Safelite AutoGlass For Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30866793 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Vehicle Related
|
| Building Size (RSF): |
6,334 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,901,000 |
| Unit Price: |
$458 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Usable Size (USF): |
6,334 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.0% |
| Last Updated: |
5/3/2024 |
Overview / Comments
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.
|
Current Tenants
| Tenant Business Name |
Safelite AutoGlass |
| Is Renting? |
Yes |
| Annual Revenue |
$174,096 (Annual) |
| SF of Space Occupied |
6,334 SF |
| Escalations |
3% annual increases |
| Options |
One 5-year option |
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Tax ID/APN: |
13-2S-24-2030-0002-00K0 |
| Retail Clientele: |
Business |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Eglin Pkwy |
| Feet of Frontage: |
100 |
| Traffic/Vehicle Count: |
10,400 |
| Airports: |
Destin-Ft Walton Beach Airport |
| Tenancy: |
Single Tenant |
| Property Condition: |
Excellent |
| Year Built: |
2006 |
| Year Renovated: |
2023 |
| Parking Type: |
Surface |
| Zoning Description: |
CG Commercial |
| Lot Frontage: |
100 |
| Lot Depth: |
160 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,075 |
50,041 |
65,566 |
| Median Age: |
41.9 |
39.29 |
39.06 |
| Households: |
4,032 |
21,914 |
28,011 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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