Freestanding Fast Food Restaurant

Retail-Commercial for Lease
Catylist Listing ID: 30417000
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail
Contiguous Space: 1,743 SF
Gross Building Area: See Agent
Lease Rate: $28.50 PSF (Annual)
Base Monthly Rent: $4,139
Lease Types: NNN, Absolute NNN
Building Name: Krystal's
Last Updated: 4/26/2019

Overview / Comments

Excellent freestanding restaurant available in the Crestview, Florida. The property is located off of Hwy 85 (Ferdon Blvd), which is the main arterial in Crestview and experiences over 46,500 vehicles per day. The 1,743 SF building was just built in 2013 and is located in the main retail trade area for the market with excellent visibility and signage. There is a drive thru and ample parking at the site. The location is the ideal location for a fast food restaurant in the booming Crestview market. National retailers and restaurants nearby include Walmart, Publix, Lowe's, Chick-Fil-A, At&t, Bealls Outlet, Wendy's, Zaxby's, Hardee's, Whataburger, Cracker Barrel, Firehouse Subs, Taco Bell, Starbucks, Dunkin' Donuts, Panera Bread, Popeys and Arby's.

HIGHLIGHTS:
Prime restaurant site located in the main retail corridor in Crestview
Traffic counts in excess of 46,500 VPD
Located near numerous national retailers, restaurants in the booming Crestview market.
Close proximity to several military bases
Crestview MSA- One of the fastest growing MSA's in Florida, expected to grow by 7.9% over the next five years, outpacing state and national averages.

Expand All Available Space

Suite: 1 1,743 SF $28.50 PSF (Annual) NNN,Absolute NNN
Space Available: 1,743 SF
Lease Rate: $28.50 PSF (Annual)
$4,139 (Monthly)
Lease Type: NNN,Absolute NNN
Space Description: The building is available for sublease and can be occupied immediately. Krystal's just closed at this location and are removing their equipment, the space is ready to be occupied as of 4/29. The lease is absolute NNN and the tenant is responsible for all maintenance, taxes, and insurance. Occupancy cannot exceed 12/31/2028.
Space Subcategory: Net Leased
Date Available: 2/26/2019
Space Type: Sublet

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 29-3N-23-1480-0013-0000
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Ferdon Blvd
Traffic/Vehicle Count: 46,500
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 2013

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,249 30,080 32,313
Median Age: 32.97 33.88 34.31
Households: 1,137 11,016 11,889
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