4688 Us Highway 98 Santa Rosa Beach, FL 32459

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.