28 Perry Ave Fort Walton Beach, FL 32548

This exceptional investment opportunity presents a 3,432 square foot, Class B medical office building located at 28 Perry Ave SE, Fort Walton Beach, Florida 32548. The property boasts a strong 7.2% capitalization rate and a Net Operating Income (NOI) of $52,193. The building, constructed in 1986, is a single-story, all-brick structure with a durable standing seam metal roof. It features an efficient layout including a reception area, five exam rooms, three restrooms, a kitchen area, and a light manufacturing area. The property is currently 100% occupied by Hanger Clinic, a national tenant with a proven track record and over 900 locations. Hanger Clinic, specializing in prosthetics and orthotics, has occupied the building since 1997. Their current lease, a gross lease with a corporate guarantee, extends to April 30, 2027, with two additional option periods. Rent bumps of $0.20 per square foot are included annually. The asking price is $725,000, representing a price per square foot of $211.25. This is a core investment opportunity with a long-standing, creditworthy tenant and significant upside potential. Lease options are available. The property's APN is 13-2S-24-1910-0378-0000.