Freestanding Retail - Former Mattress Firm

Retail-Commercial for Lease
Catylist Listing ID: 30704023
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail
Contiguous Space: 4,500 SF
Gross Building Area: 9,000 SF
Gross Land Area: 1.05 Acres
Lease Rate: $27 PSF (Annual)
Base Monthly Rent: $10,125
Lease Types: NNN
In Opportunity Zone? Yes
Building Name: Former Mattress Firm & Eyeglass World
Last Updated: 7/9/2021

Overview / Comments

Rare, freestanding retail opportunity in Fort Walton Beach, Florida! The property is ideally located in the core retail trade area for the Fort Walton Beach/Mary Esther, FL markets. The property features 4,500 SF of retail space available for lease and is co-tenanted by Eyeglass World. The space was previously occupied by Mattress Firm and would be a great move-in ready space for a retail user. The 9,000 SF retail building is situated on a 1.05-acre outparcel adjacent to Lowe’s. The site has ample parking and has shared cross assess and parking with Lowe's. The property has incredible visibility and large pylon signage off of the highly trafficked Beal Pkwy, which experiences over 42,500 cars per day in front of the site. Santa Rosa Mall, Uptown Station, and numerous national retailers are located within minutes of the property. National retailers and businesses nearby include Walmart, Sam's Club, Home Depot, Winn Dixie, Publix, Bealls,T.J. Maxx, Books a Million, Petland, Old Navy, Dillard's, Target, Sears, Hibbett Sports, Sam's Club, Panera Bread, Starbucks, and many others. The Landlord would consider subdividing depending on the proposed use and terms.

Expand All Available Space

Suite: 1 4,500 SF $27 PSF (Annual) NNN
Space Available: 4,500 SF
Lease Rate: $27 PSF (Annual)
$10,125 (Monthly)
Lease Type: NNN
Space Description: Former Mattress Firm available, move-in ready.
Space Subcategory: Free-Standing Store, Net Leased
Date Available: 2/2/2021
Space Type: Relet

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 03-2S-24-0000-0195-0050
Zoning: C-3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Beal Pkwy
Feet of Frontage: 237
Area Description: The Property's trade area is largely characterized 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 very stable employment base for the trade area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2013
Lot Frontage: 237

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,540 54,592 67,641
Median Age: 36.25 38.94 38.76
Households: 6,469 23,397 28,603
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