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794 Beal Pky N - Caliber Car Wash 4,514 SF Specialty Building Offered at $4,400,000 at a 6.25% Cap Rate in Fort Walton Beach, FL 32547
INVESTMENT HIGHLIGHTS
- Strong Corporate Guaranty
- Strategic Position Along Fort Walton Beach’s Primary Retail Corridor
- Bonus Depreciation Opportunity
- Dense Retail Corridor
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 794 Beal Pkwy, Fort Walton Beach, FL 32547. The site consists of roughly 3,755 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Caliber Car Wash is subject to a 22-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $275,000 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
| Price | $4,400,000 | Building Class | C |
| Price Per SF | $1,171.77 | Lot Size | 1.17 AC |
| Sale Type | Investment | Building Size | 3,755 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2020 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Price | $4,400,000 |
| Price Per SF | $1,171.77 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.17 AC |
| Building Size | 3,755 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Opportunity Zone |
Yes |
PROPERTY TAXES
| Parcel Number | 03-2S-24-0000-0142-0000 | Improvements Assessment | $591,910 |
| Land Assessment | $569,107 | Total Assessment | $1,161,017 |
PROPERTY TAXES
Parcel Number
03-2S-24-0000-0142-0000
Land Assessment
$569,107
Improvements Assessment
$591,910
Total Assessment
$1,161,017
CONTACTS
-
Matthew Anuszkiewicz -
Francis Purritano -
Walker Stevens -
Glen Kunofsky -
Christopher Marks -
Surmount
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794 Beal Pky N - Caliber Car Wash
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