Freestanding Fitness Center with NNN
12200 Emerald Coast Parkway Miramar Beach, FL 32550
For Sale
Contact for pricing
Pending
Built in 2009, this freestanding gym offers an NNN lease with four five-year options.
Property Size9,980 SF
Lot Size1.84 Acres
Days on Market105
Property Features for 12200 Emerald Coast Parkway
General Information
- Standard status
- Pending
- Size
- 9,980 SF
- Lot size
- 1.84 Acres
- Property subtype
- Retail
Listing Agency:
CrownPoint Partners
Listed By:
Shannon Bona · License #BK3629909
Source:
Crexi
Added: Apr 10
Changed: Jul 23
Last Checked: Jul 23 at 5:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CrownPoint Partners
Investment Insights
Based on property information with market context.
Built in 2009, this freestanding Gold’s Gym property is approximately 9,980 square feet and sits on 1.84 acres. The site is offered with a brand new 10-year triple-net (NNN) lease term, including four 5-year options at close of escrow. The base rent is $199,600 with 2% annual increases.
The property is positioned along Emerald Coast Parkway in Miramar Beach, Florida, on a retail-dense thoroughfare with over 43,500 Vehicles Per Day (VDP). The location is approximately 3.2 miles east of Destin Commons shopping mall and about 2.3 miles west of Silver Sands Premium Outlet, with nearby national retailers including McDonald’s, CVS Pharmacy, Urgent Care, Starbucks, Chick-fil-A, and more.
Ownership is Emerald Coast Fitness Inc., described as a two-unit operator. The subject property and a Gold’s Gym location in Fort Walton Beach are being offered together or separately. The purchase-sale structure is described as a sale-leaseback, with proceeds intended to be reinvested into the business through significant renovations.
The property is positioned along Emerald Coast Parkway in Miramar Beach, Florida, on a retail-dense thoroughfare with over 43,500 Vehicles Per Day (VDP). The location is approximately 3.2 miles east of Destin Commons shopping mall and about 2.3 miles west of Silver Sands Premium Outlet, with nearby national retailers including McDonald’s, CVS Pharmacy, Urgent Care, Starbucks, Chick-fil-A, and more.
Ownership is Emerald Coast Fitness Inc., described as a two-unit operator. The subject property and a Gold’s Gym location in Fort Walton Beach are being offered together or separately. The purchase-sale structure is described as a sale-leaseback, with proceeds intended to be reinvested into the business through significant renovations.
Key Highlights
- Gold’s Gym built in 2009 with approx. 9,980 SF freestanding building on 1.84 acres
- New 10‑year triple‑net (NNN) lease with four 5‑year options at close of escrow
- Base rent is $199,600 with 2% annual increases
Property Analytics
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar Off Market Nearby
- Destin Personal Trainer — 4201 Two Trees Rd, Destin, FL 32541
- My Perk Points — 34851 Emerald Coast Pkwy #150, Destin, FL 32541
- Infuse - IV Hydration & Wellness — Located at The Palms of Destin, 4201 Indian Bayou Trail, Destin, FL 32541
- Loving Me Fitness at The Palms of Destin — 4201 indian bayou trail, destin, fl 32541
- StretchLab — 4467 Commons Dr W d, Destin, FL 32541
FAQs
What type of property is this?
Fitness center & gym - Built in 2009, this freestanding gym offers an NNN lease with four five-year options.
Where is this fitness center & gym located?
The property is located at 12200 Emerald Coast Parkway Miramar Beach, FL.
What are key features of this property?
This property features: Gold’s Gym built in 2009 with approx. 9,980 SF freestanding building on 1.84 acres; New 10‑year triple‑net (NNN) lease with four 5‑year options at close of escrow; Base rent is $199,600 with 2% annual increases
