NNN Auto Body
For Sale
$1,371,429
700 Edge St, Fort Walton Beach, FL 32547
Leased collision repair facility with long-term triple-net structure and nearby national retail anchors.
Property Size10,472 SF
Lot Size1.03 Acres
Price / SF$130.96
Days on Market55
Property Features for 700 Edge St
General Information
Standard status
Active
Size
10,472 SF
Lot size
1.03 Acres
Property subtype
Commercial
Lease Term
±6.5 Yrs
Building Details
Building Size
10,472 SF
Buildings
1
Listing Agency:
Matthews Real Estate Investment Services | San Diego
Listed By:
Noah Sudyka · License #02245562 (CA)
(858) 351-4196
Source:
Matthews
Added: Aug 22
Changed: Oct 8
Last Checked: Oct 14 at 7:36PM
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 Matthews Real Estate Investment Services | San Diego
Investment Insights
Based on property information with market context.
700 Edge St is an auto body property leased to Classic Collision, a collision repair operator with more than 330 locations across the United States. The facility contains approximately 10,472 SF on an approximately 1.03-acre site, creating a substantial land component relative to the building footprint and accommodating vehicle-oriented operations.
The lease has approximately 6.5 years remaining, includes three additional 5-year renewal options, and provides 5% rent increases every five years. Under the NNN structure, the landlord’s obligations are limited to the roof and structure. The property is positioned near a Walmart Supercenter, Sam’s Club, and Lowe’s in Fort Walton Beach, Florida, with visibility and access supported by the surrounding retail concentration.
The lease has approximately 6.5 years remaining, includes three additional 5-year renewal options, and provides 5% rent increases every five years. Under the NNN structure, the landlord’s obligations are limited to the roof and structure. The property is positioned near a Walmart Supercenter, Sam’s Club, and Lowe’s in Fort Walton Beach, Florida, with visibility and access supported by the surrounding retail concentration.
Key Highlights
- Classic Collision lease with approximately 6.5 years remaining
- Triple‑net lease; landlord responsible only for roof and structure
- Three additional 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,204
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,080
$1.1M
Cap Rate 7%
$774,343
$774.3K
Cap Rate 9%
$602,267
$602.3K
Market Conditions
NOI Build-Up for 10,472 SF
Gross rent
$81.7K $7.80/SF
− Vacancy
−$4.2K −$0.41/SF
EGI
$77.4K $7.39/SF
− OpEx
−$23.2K −$2.22/SF
NOI
$54.2K $5.18/SF
Area
Okaloosa County, FL
Vacancy
5.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,080
Cap Rate 7%
$774,343
Cap Rate 9%
$602,267
Alternative Uses
Best Use
Retail
$2.15M
$1.88M – $2.51M
NOI $150,530 @ 7.0% cap · market cap 10.98%
Second Best
Industrial
$774.3K
$677.6K – $903.4K
NOI $54,204 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$4.04M
$3.53M – $4.71M
NOI $282,490 @ 7.0% cap · market cap 20.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 32547, FL
35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Leased collision repair facility with long-term triple-net structure and nearby national retail anchors.
Where is this nnn property located?
The property is located at 700 Edge St Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,371,429.
What are key features of this property?
This property features: Classic Collision lease with approximately 6.5 years remaining; Triple‑net lease; landlord responsible only for roof and structure; Three additional 5‑year renewal options
