Safelite-Leased Retail Building, High Traffic Area
Source: https://www.saltercompany.com
Overview
Added:
Feb 6
Days on market:
61
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.
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.
Property Details
for 123 Hollywood Blvd NE
Property type
Retail properties, Investment properties
Square Feet
6,562 SF
Price / Square Foot
$437.23
Year Built
2006
Buildings
1
Stories
1
Elevators
N/A
Net Rentable (sq. ft)
6,334 SF
Lot Size (sq. ft)
25,330 SF
Location Insight
City
Fort Walton Beach
County
Okaloosa
State
Florida
Nearby Similar for Sale
For Sale
$520,000
Prime FWB Retail Space - 2828 SF
High-traffic location, versatile space, great investment.
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123 Hollywood Blvd NE, Fort Walton Beach, Florida, 32548
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123 Hollywood Blvd NE, Fort Walton Beach, Florida, 32548
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