44 Eglin NE Pkwy Fort Walton Beach, FL 32548-4957

This exceptional investment opportunity presents a 1,640 square foot 7-Brew Coffee location in Fort Walton Beach, Florida, situated on a 0.38-acre lot at 44 Eglin Parkway Northeast. Boasting a 15-year absolute net ground lease commencing July 25, 2024, and expiring July 24, 2039, this property offers a secure, long-term investment with significant upside potential. The lease includes three 5-year renewal options and features a 10% rent increase every five years. Built in 2014 and renovated in 2024, the property benefits from a prime location on Eglin Parkway, a major thoroughfare with over 49,000 vehicles daily, connecting Eglin Air Force Base to US Highway 98 and the coast. The property's strategic location is further enhanced by a dense residential population exceeding 51,000 within a 3-mile radius. The double drive-thru design with four points of ingress/egress optimizes operational efficiency. The current Net Operating Income (NOI) is $94,000, representing a 5.50% cap rate on the asking price of $1,709,090 ($1,042.13 per square foot). This 7-Brew Coffee location is a rare absolute net ground lease structure, with the landlord retaining ownership of the improvements, offering a unique depreciable asset. The franchisee tenant enjoys a strong track record, reflecting the brand's rapid expansion and popularity. This is a compelling investment opportunity in a high-growth QSR concept with a secure, long-term lease and significant potential for appreciation.