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123 Hollywood Blvd NE 6,334 SF Flex Building Fort Walton Beach, FL 32548 $2,536,500 ($400.46/SF) 7.50% Cap Rate
Investment Highlights
- Direct visibility from Hollywood Blvd
- Tenant recently invested $800K into the building
- Investment property
- Zoned: GC Commercial
Executive Summary
+/- 0.582 acres, featuring a standalone building currently under an NNN lease. Safelite has a 3% annual rent increase and has invested approximately $800,000 in improvements to the building. Situated near the core retail trade area, the property boasts convenient access to Eglin Pkwy SE, with a traffic volume of 37,000 AADT. Safelite AutoGlass currently occupies the single-tenant building, ensuring a stable lease arrangement. The surrounding area is populated by well-known retailers and restaurants, including Party City, CVS, Dollar Tree, Ulta Beauty, Family Dollar, Waffle House, McDonald's, Chick-fil-A, Five Guys, and more.
Property Facts
| Price | $2,536,500 | Lot Size | 0.58 AC |
| Price Per SF | $400.46 | Rentable Building Area | 6,334 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.50% | Year Built | 2006 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Light Distribution | Parking Ratio | 2.05/1,000 SF |
| Building Class | A | No. Drive In / Grade-Level Doors | 1 |
| Zoning | CG Commercial | ||
| Price | $2,536,500 |
| Price Per SF | $400.46 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | A |
| Lot Size | 0.58 AC |
| Rentable Building Area | 6,334 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Tenancy | Single |
| Parking Ratio | 2.05/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | CG Commercial |
Amenities
- Signage
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 13-2S-24-2030-0002-00K0 | Improvements Assessment | $624,999 |
| Land Assessment | $135,866 | Total Assessment | $760,865 |
Property Taxes
Parcel Number
13-2S-24-2030-0002-00K0
Land Assessment
$135,866
Improvements Assessment
$624,999
Total Assessment
$760,865
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123 Hollywood Blvd NE
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