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Goodwill Donation Center 700 Eglin Pky NE

2,619 SF Retail Building Fort Walton Beach, FL 32547 $670,495 ($256/SF) 6% Cap Rate

Retail Buildings Florida Fort Walton Beach 700 Eglin Pky NE, Fort Walton Beach, FL 32547

Investment Highlights

  • Location Location Location!
  • Signalized, 4 way, hard cornered intersection
  • Double Income Producing Property with tenant in place as well as billboard
  • True NNN investment opportunity

Executive Summary

Location, Location, Location. Prime net-leased investment opportunity at a 4 way, signalized, hard cornered intersection. Goodwill is the nation's largest thrift-store with over 3200 locations. Goodwill pays an annual base rent of $31,979.70 with 3% yearly increases , as well as being NNN. The lease commenced 7-1-2023, expires 6-30-2028 with 2 options for 5 years each.
The billboard lease pays $8250 annually through 8-30-2025 + Florida Sales Tax. The rent will increase 10% every five year term through 2044.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,619 SF
Building Class
C
Year Built
1968
Price
$670,495
Price Per SF
$256
Cap Rate
6%
NOI
$40,230
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.28 AC
Zoning
C - Commercial
Parking
16 Spaces (6.11 Spaces per 1,000 SF Leased)
Frontage
139 FT on Eglin St

Amenities

  • Signage
  • Signalized Intersection
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Nearby Major Retailers

Denny's
Publix
Snap Fitness 24/7
Waffle House
CrossFit

PROPERTY TAXES

Parcel Number 01-2S-24-0180-0005-002C Improvements Assessment $49,669
Land Assessment $249,782 Total Assessment $299,451

PROPERTY TAXES

Parcel Number
01-2S-24-0180-0005-002C
Land Assessment
$249,782
Improvements Assessment
$49,669
Total Assessment
$299,451
(404) 313-1979

Contact

  • Listing ID: 33524413

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 700 Eglin Pky NE, Fort Walton Beach, FL 32547

More public record information on 700 Eglin Pky NE, Fort Walton Beach, FL 32547

The Retail Property at 700 Eglin Pky NE, Fort Walton Beach, FL 32547 is currently available for sale. Contact Solid Equities, Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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700 Eglin Pky NE, Fort Walton Beach, FL for sale Building Photo- Image 1 of 9
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700 Eglin Pky NE, Fort Walton Beach, FL for sale Building Photo- Image 4 of 9
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700 Eglin Pky NE, Fort Walton Beach, FL for sale Building Photo- Image 5 of 9
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700 Eglin Pky NE, Fort Walton Beach, FL for sale Building Photo- Image 6 of 9
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Goodwill Donation Center | 700 Eglin Pky NE
(404) 313-1979 x

Goodwill Donation Center | 700 Eglin Pky NE

Larry Clark

(404) 313-1979

(404) 313-1979

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