2760 Us Highway 331 S Defuniak Springs, FL 32435

This new development features a Del Taco restaurant with a 20-year absolute NNN lease, commenced in May 2024, requiring zero landlord responsibilities. The lease includes 7.50% rental increases every 5 years throughout the primary term and option periods. Situated on a Tractor Supply Company outparcel, the property benefits from proximity to national retail tenants such as Chick-fil-A, Whataburger, KFC, and McDonald's, attracting significant customer traffic. The area is experiencing explosive growth, with over 400 residential rooftops planned, numerous multi-family developments underway, and a 300+ acre Veterans Lodge development across the road. The property offers excellent visibility along US Highway 331, which sees a daily traffic of over 31,500 vehicles. The lease is guaranteed by Consolidated Restaurant Group, which operates and franchises seven restaurant brands across the US and internationally. Located 25 miles from Santa Rosa Beach on the Emerald Coast, the property benefits from year-round tourist traffic, contributing to a total economic impact of over $7.2 billion for Walton County. Lake DeFuniak is 4 miles away, providing recreational activities in the DeFuniak Springs area. The property size is 2,300 square feet.