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Sunset Promenade 1598 S County Hwy 393 8,959 SF 100% Leased Retail Building Santa Rosa Beach, FL 32459 $7,239,382 CAD ($808.06 CAD/SF) 6.43% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime Location: Situated in the thriving Santa Rosa Beach area, this property offers exceptional visibility and accessibility along South County Hwy
- High-Income: Santa Rosa Beach is known for its high-income households and affluent residential communities, providing a solid customer base for retail
- Area Growth and New Developments: The ongoing development in the surrounding area, including new residential projects and expanding commercial hubs
- High-Demand Retail Corridor: Strategically positioned within a rapidly expanding retail corridor, surrounded by established national brands
- Robust Tourism & Year-Round Appeal: Santa Rosa Beach is part of the 30A corridor, renowned for stunning beaches, upscale shopping, & vibrant dining
- Triple Net Lease Structure: The property's triple net (NNN) lease structure provides a stable income stream with minimal landlord responsibilities
EXECUTIVE SUMMARY
Discover an exceptional commercial investment opportunity in the thriving heart of Santa Rosa Beach, Florida. This 8,959-square-foot building, constructed in 2004, offers a premium asset for discerning retail or street retail investors. Fully zoned for commercial use and boasting 100% occupancy, the property provides reliable cash flow with minimal vacancy risk.
Strategically located in one of the most sought-after areas of Santa Rosa Beach, the building enjoys high visibility and prime access, positioning it at the center of both business activity and consumer traffic. This high-traffic location ensures a constant influx of tenants and customers, while the surrounding area's continued growth enhances the stability and long-term potential of your investment. With Santa Rosa Beach experiencing rapid economic expansion, the area is becoming an increasingly desirable destination for both businesses and residents, offering an ideal environment for sustainable returns.
This is a rare opportunity to secure a property in one of Florida's most promising and fast-growing commercial corridors. Whether you're seeking to diversify your portfolio or capitalize on a prime investment, this property is well-positioned to deliver strong ROI and long-term value. Don’t miss out on this chance to own a key asset in one of the state’s most dynamic markets.
Strategically located in one of the most sought-after areas of Santa Rosa Beach, the building enjoys high visibility and prime access, positioning it at the center of both business activity and consumer traffic. This high-traffic location ensures a constant influx of tenants and customers, while the surrounding area's continued growth enhances the stability and long-term potential of your investment. With Santa Rosa Beach experiencing rapid economic expansion, the area is becoming an increasingly desirable destination for both businesses and residents, offering an ideal environment for sustainable returns.
This is a rare opportunity to secure a property in one of Florida's most promising and fast-growing commercial corridors. Whether you're seeking to diversify your portfolio or capitalize on a prime investment, this property is well-positioned to deliver strong ROI and long-term value. Don’t miss out on this chance to own a key asset in one of the state’s most dynamic markets.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,959 SF
Building Class
C
Year Built
2004
Price
$7,239,382 CAD
Price Per SF
$808.06 CAD
Cap Rate
6.43%
NOI
$465,414 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.91 AC
Zoning
Commercial - Retail commercial office space
Parking
54 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Number | 03-3S-20-34000-022-0350 | Improvements Assessment | $849,091 CAD |
| Land Assessment | $1,120,424 CAD | Total Assessment | $1,969,514 CAD |
PROPERTY TAXES
Parcel Number
03-3S-20-34000-022-0350
Land Assessment
$1,120,424 CAD
Improvements Assessment
$849,091 CAD
Total Assessment
$1,969,514 CAD
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Sunset Promenade | 1598 S County Hwy 393
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