20 Ready NW Ave Fort Walton Beach, FL 32548-3857

This exceptional investment opportunity presents a stabilized industrial property located at 20 Ready Ave NW, Fort Walton Beach, FL 32548. The property encompasses a single, 35,594 square foot building situated on a 2.92-acre lot. Built in 1990, the structure currently serves as a kitchen and bath center manufacturing and distribution warehouse, operating under a triple net (NNN) lease with a single tenant. The lease commenced January 1, 2023, and expires December 31, 2025, with three 3-year renewal options. The current lease term has 1.1 years remaining. The property boasts a strong 7.56% capitalization rate and a net operating income (NOI) of $147,407. The asking price is $1,950,000. The property is zoned CTP and enjoys excellent accessibility from Ready Ave, near the intersection of Hill Ave NW (21,500 AADT) and Hollywood Blvd NW (18,500 AADT). The property's APN is 17-2S-24-0000-0001-0240. This is a rare opportunity to acquire a high-performing, fully occupied industrial asset in a desirable location. The 100% occupancy ensures immediate cash flow, making this an attractive investment for discerning buyers.