This exceptional investment opportunity presents a 6,334 square foot, single-tenant auto shop in Fort Walton Beach, Florida, currently occupied by Safelite AutoGlass under a Net Lease agreement. The property, built in 2006 and renovated in 2023, sits on a 0.582-acre lot and boasts a 6.25% cap rate with a strong NOI of $179,319. The lease, commencing April 26, 2023, and expiring April 26, 2030, includes a 5-year option and features a 3% annual rent increase. Safelite has invested approximately $800,000 in recent improvements. The property benefits from a prime location near Eglin Pkwy SE (37,000 AADT), surrounded by numerous national retailers and restaurants, including Party City, CVS, Dollar Tree, Ulta Beauty, Family Dollar, Waffle House, McDonald's, Chick-fil-A, and Five Guys. The corporate guarantee provides added security, making this a low-risk, high-return investment. The property is zoned CG Commercial and features one single-story building. This is a rare opportunity to acquire a well-located, stable, and high-performing net lease property with a strong tenant and significant upside potential. The asking price is $2,869,111.68.
Highlights
$2,869,111.68 asking price for a Net Leased retail property.
6,334 square foot auto shop in Fort Walton Beach, FL.
Safelite AutoGlass is the corporate-guaranteed tenant with a 7-year lease (5.4 years remaining).
6.25% cap rate with a $179,319 NOI.
Property features a 0.582-acre lot, built in 2006 and renovated in 2023.
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123 Hollywood Blvd, Fort Walton Beach, Florida, 32548
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