10343 E Co Hwy 30A
Santa Rosa Beach, FL 32459
Specialty Property For Sale · 6,200 SF

$429,000.00+ NET OPERATING INCOME & NNN Leases!! Offered at $8,250,000! Spectacular residual value involving this opportunity to acquire 5 contiguous commercial spaces at the enormously successful venue of The Village of South Walton in Santa Rosa Beach, Florida, located between the trophy addresses among Alys Beach and Rosemary Beach. The restaurant tenant, Lola's Italian Cuisine, occupies spaces C127, C128, and C129, and involves a lease term that matures on March 31, 2030. The extensive buildout is impressive and illustrated on the floorplan, which is uploaded to this listing; 83 interior seats and 32 exterior seats. The adjacent spaces, C126 is occupied by Starbucks Coffee, and C125 is occupied by Creative Crepes. The patronage of this town square is unequaled by any venue along the renowned Scenic 30A corridor. The new underground pedestrian tunnel from the North to South side of Highway 98 will also supplement the phenomenal volume of patrons enjoying the beach villages located on the East end of Scenic 30A. Please inquire for further details. Please call John Paul Somers, (850) 259-9732, to coordinate showings. Please do not access the space to view unannounced or approach any employees. This subject listing does not include the operating business, its related licensing, or intellectual property; rather, the real property. Some FF&E (Furniture, Fixtures & Equipment) exclusions may apply. The existing lease term involving Lola's Italian Cuisine expires March 31, 2030, with the Tenant's sole right to exercise two, 5-year renewal terms. The current total monthly GROSS INCOME is $28,883.14 which includes NNN fees and state sale tax (reimbursable recoveries payable to Landlord). Base rent payments shall escalate at a rate of 4% annually. Showings require a minimum of 24 hours of advanced notice and listing agent(s) must accompany all showings. The Association contact is Jason Bennett; please contact him directly for verification, jason.bennett@fsresidential.com. Please inquire regarding the Owners' Association dues.