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    123 Hollywood Blvd NE Fort Walton Beach, FL 32548

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $2,869,111

    Safelite-Leased Retail Building, High Traffic Area

    Property size:
    6,562 SF

    Description

    Added:
    Feb 6, 2025
    Days on Market:
    335
    This exceptional investment opportunity presents a 6,334 square foot, free-standing retail building situated on approximately 0.58 acres in Fort Walton Beach, Florida. Currently occupied by Safelite AutoGlass under a triple-net (NNN) lease with a 3% annual rent increase, this property offers a stable and predictable income stream. Safelite recently invested approximately $800,000 in building improvements, ensuring a modern and well-maintained structure. The property enjoys a highly visible location near the core retail trade area, benefiting from excellent access to Eglin Pkwy SE, a major thoroughfare with a high average annual daily traffic count of 37,000 vehicles. The strong tenant, Safelite AutoGlass, provides a secure lease arrangement, minimizing vacancy risk. This location is surrounded by a vibrant mix of national retailers and popular restaurants, including Party City, CVS, Dollar Tree, Ulta Beauty, Family Dollar, Waffle House, McDonald's, Chick-fil-A, and Five Guys, creating a thriving commercial environment and high foot traffic. The asking price is $2,869,111. This is an ideal investment for those seeking a stable, income-producing asset in a prime retail location. The property's size is 6,562 square feet, with 6,334 square feet of net leasable space. This investment is classified as an Investment NNN property.

    Property Features for 123 Hollywood Blvd NE

    General Information

    Property type
    Other retail properties
    Square Feet
    6,562 SF
    Price / Square Foot
    $437
    Elevators
    N/A
    Net Rentable
    6,334 SF
    Lot Size
    25,330 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1

    HighLights

    • NNN leased to Safelite AutoGlass with a 3% annual rent increase.
    • 0.58 acres, standalone building near high‑traffic Eglin Pkwy SE (37,000 AADT).
    • Strong tenant in a prime retail location surrounded by national brands.
    Location Intelligence

    Current Use by Public Records

    Safelite AutoGlass Glass Repair Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    State
    Florida
    Longitude
    -86.607259
    Latitude
    30.412732

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    FAQs

    What type of property is this?
    Other retail property - Safelite-Leased Retail Building, High Traffic Area
    Where is this other retail property located?
    The property is located at 123 Hollywood Blvd NE Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $2,869,111.
    What are key features of this property?
    This property features: NNN leased to Safelite AutoGlass with a 3% annual rent increase.; 0.58 acres, standalone building near high-traffic Eglin Pkwy SE (37,000 AADT).; Strong tenant in a prime retail location surrounded by national brands.
    (850) 564-0120
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    123 Hollywood Blvd NE Fort Walton Beach, FL 32548
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    Fort Walton Beach, FL 32548
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 Hollywood Blvd NE Fort Walton Beach, FL 32548
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