NNN Veterinary
For Sale
$436,364
76 Eglin Pkwy NE, Fort Walton Beach, FL 32548
Operating veterinary facility with five years remaining on the NNN lease and contractual 2% increases.
Property Size2,584 SF
Days on Market156
Property Features for 76 Eglin Pkwy NE
General Information
Standard status
Active
Size
2,584 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
± 5 Years
Net Operating Income
$36,000
Building Details
Building Size
2,584 SF
Listing Agency:
Matthews Real Estate Investment Services
Listed By:
Andrew Evans · License #02055475 (CA)
(949) 662-2256
Source:
Matthews
Added: May 16
Changed: Oct 11
Last Checked: Oct 16 at 5:43AM
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
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Investment Insights
Based on property information with market context.
Animal Eye Clinic of Pensacola is a 2,584-square-foot veterinary clinic at 76 Eglin Parkway Northeast in Fort Walton Beach, Florida. The property is offered as an NNN asset with five years remaining on the lease and 2% increases specified in the lease terms.
The clinic’s location is identified by its Fort Walton Beach address on Eglin Parkway Northeast, providing a defined setting for this specialty healthcare property.
The clinic’s location is identified by its Fort Walton Beach address on Eglin Parkway Northeast, providing a defined setting for this specialty healthcare property.
Key Highlights
- 2,584‑square‑foot veterinary clinic
- NNN lease with 5 years remaining
- Lease includes 2% increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,140
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,800
$582.8K
Cap Rate 7%
$416,286
$416.3K
Cap Rate 9%
$323,778
$323.8K
Market Conditions
NOI Build-Up for 2,584 SF
Gross rent
$54.3K $21.00/SF
− Vacancy
−$5.7K −$2.21/SF
EGI
$48.6K $18.80/SF
− OpEx
−$19.4K −$7.52/SF
NOI
$29.1K $11.28/SF
Area
Okaloosa County, FL
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,800
Cap Rate 7%
$416,286
Cap Rate 9%
$323,778
Alternative Uses
Best Use
Healthcare Medical
$416.3K
$364.3K – $485.7K
NOI $29,140 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$995.8K
$871.3K – $1.16M
NOI $69,705 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,403
Businesses Nearby
Explore this area
Business Placement
Demographics for 32548, FL
22,399
Population
14,040
Households
1.6
Avg Household Size
42
Median Age
31%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
1,851
Density / Sq Mi
$63,857
Median Household Income
$37,725
Median Earnings
$1,281
Median Rent
$291,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
NNN property - Operating veterinary facility with five years remaining on the NNN lease and contractual 2% increases.
Where is this nnn property located?
The property is located at 76 Eglin Pkwy NE Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $436,364.
What are key features of this property?
This property features: 2,584‑square‑foot veterinary clinic; NNN lease with 5 years remaining; Lease includes 2% increases
