New Retail Investment in
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4688 US-98, Santa Rosa Beach, FL 32459
New Class A retail strip center in Santa Rosa Beach.
Property Size12,000 SF
Price / SF$579.17
Days on Market137
Property Features for 4688 US-98
General Information
Standard status
Active
Size
12,000 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$473,006
Building Details
Year Built
2024
Stories
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orlando
(407) 620-2416
Listed By:
Alex Goodale · License #SL3582293
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 8 at 6:39AM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This property is a new (2024) Class A strip retail investment located in Santa Rosa Beach, Florida. The property consists of two newly constructed retail buildings totaling 12,000 square feet. It is 100% leased to a diverse tenant mix, delivering cash flow in a high-barrier-to-entry coastal market. Strategically positioned along U.S. Highway 98, the area’s primary east–west thoroughfare, the property benefits from approximately 37,000 vehicles per day and over 200 feet of frontage, with visibility and accessibility for residents and tourists. The corridor serves as the main commercial spine supporting the 30A communities. All tenants operate under NNN lease structures with full CAM reimbursements, including management fees. Ownership exposure is limited to long-term capital items, which are deferred given 2024 construction, offering a low-maintenance investment profile. Additionally, 3% annual rent escalations across the rent roll provide consistent NOI growth and built-in inflation protection. Located within an affluent trade area, Santa Rosa Beach is characterized by household incomes, a growing population, and seasonal tourism, supporting retail, service, and fitness-oriented tenants. Ongoing residential and commercial development throughout South Walton County enhances the long-term fundamentals of this retail asset.
Key Highlights
- Brand new (2024) Class A strip retail investment.
- Located in the highly sought‑after Beaches of Scenic Highway 30A market in Santa Rosa Beach, Florida.
- 100% leased to a diverse tenant mix, delivering strong in‑place cash flow.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 32459, FL
20,567
Population
17,700
Households
1.2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
377
Density / Sq Mi
$101,067
Median Household Income
$53,393
Median Earnings
$2,165
Median Rent
$613,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - New Class A retail strip center in Santa Rosa Beach.
Where is this strip mall located?
The property is located at 4688 US-98 Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Brand new (2024) Class A strip retail investment.; Located in the highly sought‑after Beaches of Scenic Highway 30A market in Santa Rosa Beach, Florida.; 100% leased to a diverse tenant mix, delivering strong in‑place cash flow.
