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Caliber Car Wash 162 Eglin Pky 2,373 SF Retail Building Fort Walton Beach, FL 32548 $3,229,040 ($1,360.74/SF) 6.25% Cap Rate
Investment Highlights
- Long-Term, Absolute Triple Net (NNN) Lease
- Corporate Guarantee | The lease will be subject to a strong corporate guarantee from Clydsdale Holdings LLC
- Bonus Depreciaton | The property qualifies for accelerated depreciation, including bonus depreciation
Executive Summary
Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 162 Eglin Parkway Northeast, Fort Walton Beach, FL 32548. The site consists of roughly 2,373 rentable square feet of building space on an estimated 0.51-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 3/1/2022. The current annual rent is $201,815 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,373 SF
Building Class
C
Year Built/Renovated
2014/2021
Price
$3,229,040
Price Per SF
$1,360.74
Cap Rate
6.25%
NOI
$201,815
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.51 AC
Zoning
2 - Commercial
Frontage
150’ on Eglin Pky
Amenities
- Pylon Sign
- Signage
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-2S-24-0460-0017-004A | Improvements Assessment | $248,924 |
| Land Assessment | $402,319 | Total Assessment | $651,243 |
Property Taxes
Parcel Number
12-2S-24-0460-0017-004A
Land Assessment
$402,319
Improvements Assessment
$248,924
Total Assessment
$651,243
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Caliber Car Wash | 162 Eglin Pky
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