Fort Walton Beach, FL Land Property For Sale

Prime retail service related location well suited for Build To Suit National QSR Brand. Excellent traffic count of 35,000 cars a day and with strong visibility with median access from south bound lane off of Lewis Turner Blvd.

Great high traffic corner, commercial lot with 440+/- front feet of road. Water and sewer tap in place. Fire plug on right-of-way . This is prime four lane frontage with a high traffic count. The County Offices, Fairgrounds,and multiple businesses bring the traffic in. This lot is cleared and ready for ownership or future development. The existing structures convey as is with no value implied. This three bay service shop and portable office building are in need of removal or remodel . The high security fence conveys with large gates designed for an 18 wheeler to pull through in a circular fashion.

Desirable investment opportunity in the Fort Walton Beah Market with an attractive 5% cap rate. Centrally located in Fort Walton Beach’s main retail corridor, the fully occupied property consists of +/- 1.12 acres and +/- 5,035 sf of leasable space. The property features two freestanding, fully leased restaurant buildings. Building A is a +/- 2,664 SF triple net leased Zaxby’s restaurant situated on +/- .55 acres. Zaxby’s original lease extended a 10-year term commencing July 22, 2010. They have extended their original lease through the first five-year option period beginning April 1, 2021, with an annual 3% increase from previous year's rent. Zaxby’s has the option to extend their lease an additional five years. Building B consists of one +/- .27 acre vacant commercial lot and a +/- 2,371 SF triple net leased Juno’s restaurant. Juno’s original lease extended a 10-year term commencing April 15, 2009. They have extended their original lease through the first eight-year option period beginning June 1, 2019. Juno’s has no option to extend the term of their lease. Building A has a 19-space private parking lot. Building B has a 29-space private parking lot. Both buildings share 13 parking spaces located between the two units. The site has excellent access, visibility, and exposure on the main arterial in Fort Walton Beach, Eglin Pkwy, which experiences over 41,500 vehicles per day. The site is located just minutes from Eglin Air Force Base, the 300,000 SF Uptown Station shopping center, retailers, restaurants, and beaches.