193 Mary Esther Blvd
Mary Esther, FL 32569
Price:
$2,470,000
Cap Rate:
5.00%
NOI:
$123,500
Building Size:
Approx. 2824 Sq. Ft.
Lot Size:
Approx. 0.91 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2024
Investment Overview
- 2024 Construction. 2,824+/- SF Building on 0.91+/- Acre Site
- 20-Year Absolute NNN Ground Lease w/ 8% Rental Increases Every 5 Years
- Located at the Signalized Intersection of Mary Esther Blvd & Hollywood Blvd (28,400+ Combined VPD)
- Close Proximity to Tourist Destinations: In Between Pensacola and Panama City, and Nearby Destin (9 mi) and Fort Walton Beach (2 mi)
- Eglin Air Force: One of the Largest Air Force Bases in the World and Hosts Various Tenant Units and Organizations (6 mi from Property)
- Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $25.45B in Revenue
- Fort Walton Beach | 7.5 Million Visitors Per Year | Population: 20,805+
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