For Sale
$3,254,545

3582 Us-98Santa Rosa Beach, FL 32459

High-growth QSR, long-term lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a newly constructed (2023) Del Taco restaurant in Santa Rosa Beach, Florida. The property boasts a prime location on US-98, a major thoroughfare with high traffic volume (40,000+ ADT). The 2,304 square foot building sits on a 1.11-acre lot with ample parking (24 spaces). The property is currently 100% occupied under a 20-year absolute NNN lease with Del Taco, a publicly traded company, commencing June 1, 2023, and expiring May 31, 2043. The lease includes four 5-year renewal options, providing significant long-term stability. The corporate guarantee ensures consistent rental income. The asking price is $3,254,545, representing a 5.50% cap rate. This single-tenant, single-story building offers a low-maintenance investment in a rapidly growing area with strong demographics (average household income within a 1-mile radius exceeds $145,562). The location benefits from proximity to Destin and Panama City Beach, attracting significant tourism. Walton County's consistent population growth (5.3% between 2020 and 2021) further enhances the property's long-term value. This is an ideal opportunity for investors seeking a passive income stream in a high-demand location.

Highlights

  • Fee-simple ownership of a newly constructed (2023) Del Taco restaurant in Santa Rosa Beach, Florida.
  • Prime US-98 location with 40,000+ ADT.
  • 2,304 SF building on a 1.11-acre lot with 24 parking spaces.
  • 20-year absolute NNN lease with four 5-year renewal options, commencing June 1, 2023.
  • $3,254,545 asking price, representing a 5.50% cap rate.

Property Details for 3582 Us-98

Property type
Retail properties
Square Feet
2,304 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
48,352 SF
Units
1

Location Insight

City
Santa Rosa Beach
County
Walton
State
Florida
Latitude
30.374308730013
Longitude
-86.238256204833
3582 Us-98, Santa Rosa Beach, Florida

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3582 Us-98
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