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10343 E Co Hwy 30A
1,200 - 1,250 SF Retail Condo Units Offered at $1,795,000 - $1,995,000 Per Unit in Santa Rosa Beach, FL 32459
Investment Highlights
- $429,000 Net Operating Income & NNN Leases
- High income patrons
- High foot traffic
Executive Summary
$429,000.00+ NET OPERATING INCOME & NNN Leases!! Offered at $8,250,000! Spectacular residual value involving this opportunity to acquire 5 contiguous commercial spaces at the enormously successful venue of The Village of South Walton in Santa Rosa Beach, Florida, located between the trophy addresses among Alys Beach and Rosemary Beach. The restaurant tenant, Lola's Italian Cuisine, occupies spaces C127, C128, and C129, and involves a lease term that matures on March 31, 2030. The extensive buildout is impressive and illustrated on the floorplan, which is uploaded to this listing; 83 interior seats and 32 exterior seats. The adjacent spaces, C126 is occupied by Starbucks Coffee, and C125 is occupied by Creative Crepes. The patronage of this town square is unequaled by any venue along the renowned Scenic 30A corridor. The new underground pedestrian tunnel from the North to South side of Highway 98 will also supplement the phenomenal volume of patrons enjoying the beach villages located on the East end of Scenic 30A. Please inquire for further details. Please call John Paul Somers, (850) 259-9732, to coordinate showings. Please do not access the space to view unannounced or approach any employees. This subject listing does not include the operating business, its related licensing, or intellectual property; rather, the real property. Some FF&E (Furniture, Fixtures & Equipment) exclusions may apply. The existing lease term involving Lola's Italian Cuisine expires March 31, 2030, with the Tenant's sole right to exercise two, 5-year renewal terms. The current total monthly GROSS INCOME is $28,883.14 which includes NNN fees and state sale tax (reimbursable recoveries payable to Landlord). Base rent payments shall escalate at a rate of 4% annually. Showings require a minimum of 24 hours of advanced notice and listing agent(s) must accompany all showings. The Association contact is Jason Bennett; please contact him directly for verification, jason.bennett@fsresidential.com. Please inquire regarding the Owners' Association dues.
Property Facts
| Price | $1,795,000 - $1,995,000 | Building Class | C |
| Unit Size | 1,200 - 1,250 SF | Floors | 1 |
| No. Units | 2 | Typical Floor Size | 6,200 SF |
| Total Building Size | 6,200 SF | Year Built | 2007 |
| Property Type | Specialty | Lot Size | 0.14 AC |
| Price | $1,795,000 - $1,995,000 |
| Unit Size | 1,200 - 1,250 SF |
| No. Units | 2 |
| Total Building Size | 6,200 SF |
| Property Type | Specialty |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 6,200 SF |
| Year Built | 2007 |
| Lot Size | 0.14 AC |
2 Units Available
Unit C125
| Unit Size | 1,250 SF | Condo Use | Retail |
| Price | $1,795,000 | Sale Type | Investment |
| Price Per SF | $1,436.00 | APN/Parcel ID | 35-3S-18-16202-000-C125 |
| Unit Size | 1,250 SF |
| Price | $1,795,000 |
| Price Per SF | $1,436.00 |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | 35-3S-18-16202-000-C125 |
Description
A prime 1,250 SF income-producing, retail storefront space facing renowned Scenic 30A, located on the East end of the scenic corridor in South Walton County, Florida! The space is occupied by a tenant, dba Creative Crepes, which is adjacent to the new Starbucks Coffee space.
Unit C126
| Unit Size | 1,200 SF | Condo Use | Retail |
| Price | $1,995,000 | Sale Type | Investment |
| Price Per SF | $1,662.50 | APN/Parcel ID | 35-3S-18-16202-000-C126 |
| Unit Size | 1,200 SF |
| Price | $1,995,000 |
| Price Per SF | $1,662.50 |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | 35-3S-18-16202-000-C126 |
Description
STARBUCKS COFFEE SPACE NOW OFFERED FOR SALE! This PRIME COMMERCIAL RETAIL storefront is located on SCENIC 30A in South Walton County of the Emerald Coast of Florida, and oriented in the town square known as The Village of South Walton. It measures approximately 1,200 SF and should offer exceptional long term residual value, perhaps to support your time-sensitive 1031 Tax Deferred Exchange!
Sale Notes
Please call or text John Paul Somers, (850) 259-9732 or Rachael Earley, (850) 225-6478, to coordinate showings. Please do not access the space to show unannounced or approach any employees. This subject listing does not include the operating business, its related licensing, or intellectual property; rather, only the real property known as the Village of South Walton, C126. Some FF&E (Furniture, Fixtures & Equipment) exclusions may apply. The existing 10-year lease term expires May 31, 2032, with the Tenant's sole right to exercise one 10-year renewal term. The current total monthly rent is $9,118.00, which includes NNN fees and state sale tax (reimbursable recoveries payable to Landlord). Base rent payments shall escalate at a rate of 4% annually.
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John Paul Somers -
Somers & Company
Presented by
10343 E Co Hwy 30A
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