Retail/Office Available for Lease

Shopping Center for Lease
Catylist Listing ID: 30857186
Property Subtypes: Strip Center
Contiguous Space: 2,567 SF
Gross Building Area: 20,116 SF
Gross Land Area: 1.98 Acres
Lease Rate: $18 PSF (Annual)
Base Monthly Rent: $3,850
Lease Types: NNN
Building Name: Court Plaza
Last Updated: 7/16/2024

Overview / Comments

Court Plaza Unit Available for Lease in Crestview, FL. This 20,116 SF Center is located at the signaled intersection of S. Ferdon Blvd and Redstone Ave, and is surrounded by National Retailers and North Okaloosa Hospital. This 1.98 Acres site includes 103 parking spaces, lighted pylon sign and an AADT of 45,500. 5 mile demographics within a 5 mile radius include a Total Population of 41,261 and an Average Household Income of $65,041.

Attachments & Media

Expand All Available Space

Suite: Unit 2213 2,567 SF $18 PSF (Annual) NNN
Space Available: 2,567 SF
Lease Rate: $18 PSF (Annual)
$3,850 (Monthly)
Lease Type: NNN
Date Available: 9/28/2023
Space Type: Relet
Offices 2
Kitchen Yes
CAM Expenses $3.50 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3% Annually

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Taxing Authority: City of Crestview
Tax ID/APN: 20-3N-23-0000-0146-0050
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: S. Ferdon Blvd and Redstone Ave.
Property Visibility: Excellent
Largest Nearby Street: S. Ferdon Blvd (Hwy 85)
Feet of Frontage: 309
Traffic/Vehicle Count: 45,500
Highway Access: Immediate ingress/ egress onto Hwy 85. Less than 1 mile to I-10
Airports: Destin/Fort Walton Beach Airport (VPS), Bob Sikes Airport (CEW)
Area Description: Crestview is the county seat of Okaloosa County, and is designated as the Hub City” as it is located at the junction of three major highways” US Hwy 90 (US 90), State Road 85 (SR 85) and Interstate 10 (I-10). The University of Florida’s Bureau of Economic and Business Research (BEBR) projects Okaloosa County’s current population of 188,000 is projected to grow to 223,500 by 2040 with medium population growth, representing an increase of 18%. As identified in the 2015 Florida Defense Factbook, Eglin Air Force Base, housed in Okaloosa County, is the largest military installation in the Department of Defense. Duke Field, located on SR 85, is the new home of the 919th Special Operation Wing. The Economic Development Council of Okaloosa estimated in 2017 the military presence of Duke’s Total Economic Impact in the Community at $51 million annually. Bob Sikes Airport supports a mix of general aviation, defense and industrial aerospace corporations with its 8,000 foot runway with an instrument landing system (ILS) and available acreage on and off airport for lease. The Okaloosa-Walton Transportation Planning Organization (OWTPO) reports, Okaloosa County’s median household income is $55,768 with the 32536 zip code coming in at $62,862 as reported by the Bureau of Labor Statistics. The state of Florida’s median income is $47,212 . Employment is projected to grow at an 11%-15% rate per the (OWTPO).
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1987
Year Renovated: 2010
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 103
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 309
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,098 30,080 36,327
Median Age: 33.44 33.88 35
Households: 1,490 11,016 13,339

Contact

Photograph of Listing Agent

Melissa Glyptis Simpson

Coldwell Banker Commercial Realty
Gulf Coast CMLS Member
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