1200 Scenic Gulf Dr Miramar Beach, FL 32550

This 7,125 square foot retail space at 1200 Scenic Gulf Drive in Miramar Beach, Florida (Walton County, zip code 32550) is offered for sale at $4,590,000. Located within the Seascape Resort community, this ground floor property boasts stunning direct views of the Gulf of Mexico. Currently operating at 100% occupancy with a gross lease in place, the property generates over $192,000 in annual rent. The existing tenant occupies 6,255 square feet, paying $18 per square foot. An additional 870 square feet is occupied by Kilwins, a national franchise, under a new lease. Built in 1974, this multi-tenant property presents a significant opportunity for investors seeking a strong return. The property offers a 5.00% cap rate and has a remaining lease term of two years. The seller is open to various transition scenarios, including a short-term leaseback, immediate vacancy, or even assisting with the sale of existing merchandise and staff training. This exceptional location is ideal for a variety of retail uses. Note that the lot size is 0 square feet. This listing is also available as part of a larger package deal including two additional properties.