44 Eglin Pky | Fort Walton Beach, FL 32548
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44 Eglin Pky
Fort Walton Beach, FL 32548
Retail Property For Sale
Investment Highlights
- 14 Years Remaining on 15-year ground lease with zero landlord responsibilities | 10% rent increases every 5 years
- Operated and guaranteed by one of the largest 7 Brew franchisees “7 Crew Enterprises”, with 33 locations open and 30+ under development
- High barriers to entry - Great location on Eglin Parkway NE with 42,500 cars per day
- The Landlord retains ownership of the building and improvements during the lease, therefore, has the exclusive right to claim depreciation benefits
- Unique 1640 SF building offering superior intrinsic value compared to 7 Brew’s standard 950 SF modular stand prototype
- The 5-mile trade area is supported by more than 78,000 residents and 34,000 employees | $97,546 is the average household income
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,640 SF
Building Class
B
Year Built/Renovated
2014/2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.47 AC
Zoning
CG - General Commercial
Parking
20 Spaces (12.2 Spaces per 1,000 SF Leased)
Frontage
135’ on Eglin Pky
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 13-2S-24-1880-0007-0060 | Improvements Assessment | $202,710 |
| Land Assessment | $262,848 | Total Assessment | $465,558 |
Property Taxes
Parcel Number
13-2S-24-1880-0007-0060
Land Assessment
$262,848
Improvements Assessment
$202,710
Total Assessment
$465,558
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