123 Hollywood Blvd NE
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123 Hollywood Blvd NE
6,334 SF Flex Building Fort Walton Beach, FL 32548 $2,758,761 ($435.55/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Direct visibility from Hollywood Blvd
- Zoned: GC Commercial
- Tenant recently invested $800K into the building
EXECUTIVE SUMMARY
+/- 0.582 acres, featuring a standalone building currently under an NNN lease. Safelite has a 3% annual rent increase and has invested approximately $800,000 in improvements to the building. Situated near the core retail trade area, the property boasts convenient access to Eglin Pkwy SE, with a traffic volume of 37,000 AADT. Safelite AutoGlass currently occupies the single-tenant building, ensuring a stable lease arrangement. The surrounding area is populated by well-known retailers and restaurants, including Party City, CVS, Dollar Tree, Ulta Beauty, Family Dollar, Waffle House, McDonald's, Chick-fil-A, Five Guys, and more.
PROPERTY FACTS
| Price | $2,758,761 | Lot Size | 0.58 AC |
| Price Per SF | $435.55 | Rentable Building Area | 6,334 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 2006 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Light Distribution | Parking Ratio | 2.05/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Price | $2,758,761 |
| Price Per SF | $435.55 |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 0.58 AC |
| Rentable Building Area | 6,334 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Tenancy | Single |
| Parking Ratio | 2.05/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Safelite AutoGlass
- Retailer
- 6,334 SF
- -
- Triple Net
- Apr 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Safelite AutoGlass | Retailer | 6,334 SF | - | Triple Net | Apr 2030 |
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Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 13-2S-24-2030-0002-00K0 | Improvements Assessment | $626,800 |
| Land Assessment | $123,152 | Total Assessment | $749,952 |
PROPERTY TAXES
Parcel Number
13-2S-24-2030-0002-00K0
Land Assessment
$123,152
Improvements Assessment
$626,800
Total Assessment
$749,952
ZONING
| Zoning Code | CG Commercial |
| CG Commercial |
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123 Hollywood Blvd NE
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