New Retail Investment in
4688 US-98, Santa Rosa Beach, FL 32459
Call to check price and availability
New Class A retail strip center in Santa Rosa Beach.
Type:Retail
Property size:
12,000 SFPrice / SF:
$600/SF- Added:
- Feb 11, 2026
- Days on Market:
- 109
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 4688 US-98
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agent Alex Goodale License #SL3582293
Listing office Marcus & Millichap - Orlando (407) 620-2416
Listing date Feb 11, 2026
Source Crexi
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
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.
- Located on U.S. Highway 98 with high traffic count (37,000 vehicles per day) and excellent visibility.
- NNN lease structures with full CAM reimbursements and 3% annual rent escalations.
- Low‑maintenance investment profile due to new construction.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Santa Rosa Beach
- County
- Walton
- State
- Florida
- Longitude
- -86.265671
- Latitude
- 30.372809
Nearby Similar for Sale
FAQs
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 $7,200,000.
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.
