3000 Us-98

    Santa Rosa Beach, FL 32459
    • $2,150,000
    • STATUS: Active
    • ON SITE: 110 days
    • MLS #: 836652
    UPDATED: 65 min ago
    $2,150,000
    • 0
      BEDS
    • 0.66
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Great investor opportunity for this absolute NNN single tenant property with lease until 2038! Free standing Hardee's Restaurant with rent increase in 2021 and then every five years after that. Four 5-year renewal option periods with rent increases at end of lease. This is the only fast food restaurant operation in Santa Rosa Beach and has an ideal location directly on US Hwy 98. Visibility is excellent and traffic counts are 36,500/day. Walton County Florida has experienced a 4.5% population growth annually and is the fastest growing county based on GDP in the entire state of Florida with a county wide GDP of $2.5 Billion. Easy access to communities along 30A in south Walton County

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    © 2020 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Data last updated: 2020-03-31T20:00:40.7.
    www.scenicsir.com/homes/101652511

    3000 Us-98 Santa Rosa Beach, FL 32459

    • Price: $2,150,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 836652
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.66
    Acres
    Neighborhood:
    North Santa Rosa Beach
    County:
    Walton
    Area:
    North Santa Rosa Beach
    Property Description
    Great investor opportunity for this absolute NNN single tenant property with lease until 2038! Free standing Hardee's Restaurant with rent increase in 2021 and then every five years after that. Four 5-year renewal option periods with rent increases at end of lease. This is the only fast food restaurant operation in Santa Rosa Beach and has an ideal location directly on US Hwy 98. Visibility is excellent and traffic counts are 36,500/day. Walton County Florida has experienced a 4.5% population growth annually and is the fastest growing county based on GDP in the entire state of Florida with a county wide GDP of $2.5 Billion. Easy access to communities along 30A in south Walton County
    Exterior Features

    Lot Frontage 133.00

    Interior Features

    Income Producing Building Sq Ft 2474 Income Producing Property Type Restaurant Retail Building Sq Ft 2474 Retail Num Units 1 Retail Unit Sq Ft 2474

    Property Features

    As Is No Immediate Occupancy Yes Income Producing Cap Rate 4.18 Income Producing Net Operating Income 89880.00 Income Producing Year Built 2016 Listing Board Emerald Coast Retail Cap Rate 4.18 Retail Net Operating Income 89880.00 Retail Property Type Freestanding Retail Year Built 2016 Vacant No Zoning Commercial

    Listing courtesy of Keller Williams Realty Srb.


    © 2020 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Data last updated: 2020-03-31T20:00:40.7.
     
    Scenic Sotheby's International Realty
    3305 West County Highway 30A
    Santa Rosa Beach FL, 32459