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123 Hollywood Blvd NE

6,334 SF Flex Building Fort Walton Beach, FL 32548 $2,758,761 ($436/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
Price Per SF $436
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
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 33915915

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 123 Hollywood Blvd NE, Fort Walton Beach, FL 32548

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