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162 Eglin Pky
Fort Walton Beach, FL 32548
Caliber Car Wash · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term, Absolute Triple Net (NNN) Lease
- Corporate Guarantee | The lease will be subject to a strong corporate guarantee from Clydsdale Holdings LLC
- Bonus Depreciaton | The property qualifies for accelerated depreciation, including bonus depreciation
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 162 Eglin Parkway Northeast, Fort Walton Beach, FL 32548. The site consists of roughly 2,373 rentable square feet of building space on an estimated 0.51-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 3/1/2022. The current annual rent is $201,815 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Property Size
2,373 sq ft
Costar Property Class
C
Year Built/Renovated
2014/2021
Price
£2,428,580
Price per sq ft
£1,023.42
Yield
6.25%
NOI
£151,786
Tenancy
Single
Number of Floors
1
Plot ratio
0.11
Total Plot Size
0.51 ac
Use Class
2 - Commercial
Frontage
150 ft on Eglin Pky
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 12-2S-24-0460-0017-004A | Improvements Assessment | £177,473 |
| Land Assessment | £290,948 | Total Assessment | £468,421 |
PROPERTY TAXES
Parcel Number
12-2S-24-0460-0017-004A
Land Assessment
£290,948
Improvements Assessment
£177,473
Total Assessment
£468,421
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