22 Bobolink St NE 22 Bobolink St NE 6 Unit Mobile Home Park $880,000 ($146,667/Unit) 7.94% Cap Rate Fort Walton Beach, FL 32548

Franklin Street is pleased to present the opportunity to acquire 4944 Malloy Plaza East, a 7,040 SF multi-tenant retail property located in Marianna, Florida. The property sits on 1.68 acres with strong visibility along Highway 71 (18,000+ VPD) and immediate access to Interstate 10, providing excellent exposure and regional connectivity.
The center is anchored by Beef ‘O’ Brady’s, a long-standing tenant that recently exercised a lease renewal, providing extended term and stable cash flow. According to Placer.ai, this location is ranked #1 in the state of Florida and #2 nationally within the Beef ‘O’ Brady’s system, underscoring strong store-level performance and traffic. Vapor Tech occupies the remaining space and is currently operating under a month-to-month gross lease at rents well below market, offering near-term mark-to-market upside. The Vapor Tech suite also provides flexibility to be subdivided into two separate retail units, allowing an investor to further enhance income through re-tenanting or repositioning.
The site also offers additional density potential, with the ability to construct approximately 1,000-1,200 SF of additional retail space integrated into the existing building footprint. Surrounded by national retailers including Walmart, Lowe’s, Dollar Tree, Dunkin’, Wendy’s, and Burger King, the property presents a compelling combination of current income, embedded upside, and long-term growth potential.