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Highlights

  • Exceptional visibility and accessibility along State Hwy 20 with direct access to US Hwy 331.
  • Projected delivery in 2027 with modern designs and exterior seating options.
  • Surrounded by expanding residential communities and new amenities creating strong traffic drivers.
  • Located in Walton County, the 4th fastest growing county in the United States.
  • Strategic positioning to serve both the beach markets of South Walton and inland growth hubs like Freeport and DeFuniak Springs.

Space Availability (2)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor
  • 1,300-8,450 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Triple Net (NNN)
State Hwy 20 W - 1st Floor
Space Use
Office
Build-Out
Shell Space
Availability
April 01, 2027

This upcoming development on State Hwy 20 W in Freeport, Florida, presents an exceptional leasing opportunity for a variety of businesses, including retail users, professional services, and business-oriented concepts. Designed with modern functionality, the property will feature options for exterior seating, creating an inviting customer experience and increasing tenant flexibility.

  • Lease rate does not include utilities, property expenses or building services
  • Exceptional visibility along State Hwy 20
  • Surrounded by expanding residential communities
  • 1st Floor
  • 1,300-8,775 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Triple Net (NNN)
State Hwy 20 W - 1st Floor
Space Use
Flex
Build-Out
Shell Space
Availability
April 01, 2027

This upcoming development on State Hwy 20 W in Freeport, Florida, presents an exceptional leasing opportunity for a variety of businesses, including retail users, professional services, and business-oriented concepts. Designed with modern functionality, the property will feature options for exterior seating, creating an inviting customer experience and increasing tenant flexibility.

  • Lease rate does not include utilities, property expenses or building services
  • Exceptional visibility along State Hwy 20
  • Surrounded by expanding residential communities
Space Size Term Rental Rate Rent Type
1st Floor 1,300-8,450 SF Negotiable Upon Request Upon Request Upon Request Upon Request Triple Net (NNN)
1st Floor 1,300-8,775 SF Negotiable Upon Request Upon Request Upon Request Upon Request Triple Net (NNN)

State Hwy 20 W - 1st Floor

Size
1,300-8,450 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Rent Type
Triple Net (NNN)
Space Use
Office
Build-Out
Shell Space
Availability
April 01, 2027

This upcoming development on State Hwy 20 W in Freeport, Florida, presents an exceptional leasing opportunity for a variety of businesses, including retail users, professional services, and business-oriented concepts. Designed with modern functionality, the property will feature options for exterior seating, creating an inviting customer experience and increasing tenant flexibility.

  • Lease rate does not include utilities, property expenses or building services
  • Exceptional visibility along State Hwy 20
  • Surrounded by expanding residential communities

State Hwy 20 W - 1st Floor

Size
1,300-8,775 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Rent Type
Triple Net (NNN)
Space Use
Flex
Build-Out
Shell Space
Availability
April 01, 2027

This upcoming development on State Hwy 20 W in Freeport, Florida, presents an exceptional leasing opportunity for a variety of businesses, including retail users, professional services, and business-oriented concepts. Designed with modern functionality, the property will feature options for exterior seating, creating an inviting customer experience and increasing tenant flexibility.

  • Lease rate does not include utilities, property expenses or building services
  • Exceptional visibility along State Hwy 20
  • Surrounded by expanding residential communities

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

Property Facts

Total Space Available 17,225 SF
Min. Divisible 1,300 SF
Center Type Strip Center
Stores 0
Center Properties 2
Gross Leasable Area 8,450 SF
Total Land Area 30.54 AC
Year Built 2027

About the Property

This upcoming development on State Hwy 20 W in Freeport, Florida, presents an exceptional leasing opportunity for a variety of businesses, including retail users, professional services, and business-oriented concepts. Designed with modern functionality, the property will feature options for exterior seating, creating an inviting customer experience and increasing tenant flexibility. Perfectly positioned in the heart of Walton County, one of the fastest-growing regions in the nation, this location offers remarkable connectivity. Tenants will benefit from its proximity to South Walton, Destin, and Panama City Beach—areas driving strong economic growth and drawing significant consumer spending. Additionally, the nearby Freeport and Defuniak Springs residential markets are experiencing accelerated expansion as primary bedroom communities serving the affluent coastal submarkets. The site is easily accessible via US Hwy 331 and State Road 20, ensuring strong regional reach and visibility. With surrounding housing developments and new amenities continuing to emerge in the area, businesses leasing here will tap into a rapidly expanding customer base. Flexible space configurations are available, making this an adaptable solution for businesses seeking growth in northwest Florida’s dynamic marketplace.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Not bikeable
10/100
  • Listing ID: 40322482

  • Date on Market: 4/28/2026

  • Last Updated:

  • Address: State Hwy 20 W, Freeport, FL 32439

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