162 Eglin NE Pkwy Fort Walton Beach, FL 32548-4441

This exceptional investment opportunity presents a fee-simple Caliber Car Wash located at 162 Eglin Pkwy NE, Fort Walton Beach, FL 32548. The property boasts 2,373 square feet on a 0.51-acre lot, built in 2014 and renovated in 2021. The property is subject to a 20-year Triple Net (NNN) lease, commencing March 1, 2022, and expiring February 28, 2042, leaving over 17 years remaining. The current annual net operating income (NOI) is $201,816, representing a 5.75% cap rate and a price per square foot of $1,479.07. The lease includes annual rent increases of 1.50%, providing consistent growth potential. The lease is backed by a corporate guarantee from Clydsdale Holdings LLC, adding significant security to this investment. Caliber Car Wash is a rapidly expanding national brand, currently operating over 50 locations across multiple southeastern states. This offering presents a rare chance to acquire a high-performing, long-term NNN leased asset with a strong tenant and significant remaining lease term, offering substantial passive income and appreciation potential. The property's location in Fort Walton Beach, Okaloosa County, further enhances its desirability. This is a turnkey investment ideal for passive income seekers.