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427 Mary Esther Cut Off NW
Fort Walton Beach, FL 32548
Aldi Ground Lease · Retail Property For Sale
Investment Highlights
- 2023 new construction
- Attractive low rent | $8.89 rent per building square feet
- Corporate Lease | Aldi Inc. | 2,381 locations across 39 states
- Absolute Net Ground Lease | No landlord responsibilities
- Brand new lease term | 19.5 years remaining
- Significant tenant investment into real property improvements
Property Facts
Property Type
Retail
Property Subtype
Supermarket
Building Size
19,680 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
1.23 AC
Parking
46 Spaces (2.02 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 10-2S-24-0000-0038-001D | Improvements Assessment | $1,104,022 |
| Land Assessment | $808,471 | Total Assessment | $1,912,493 |
Property Taxes
Parcel Number
10-2S-24-0000-0038-001D
Land Assessment
$808,471
Improvements Assessment
$1,104,022
Total Assessment
$1,912,493
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