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811 N Waukesha St
Bonifay, FL 32425
Retail Property For Sale

Investment Highlights

  • Below market rent: $5.50 rent/sf

Executive Summary

1. Government-Supported Economic Hub : The subject is
seated in Bonifay, the county seat of Holmes County, benefiting
from ongoing government and public-sector activity. Half a mile
northeast of the subject lies the Florida National Guard Armory,
which supports military training and regional disaster response
coordination. Recent additions of Probes Unlimited and the Busy
Bee transportation hub continue to drive economic growth,
employment, and long-term investment potential in the area.
2. Opportunity Zone : Subject lies in Homles County, which has
been designated as a Qualified Opportunity Zone. This designation
provides investors with potential tax advantages, including step-
ups in basis for qualifying hold periods. Additionally, investments
held for more than ten years may qualify for an exemption from
capital gains tax upon disposition.
3. Recession-Resistant Tenant : Advance Auto Parts (NYSE:
AAP) continues to gain momentum through its restructuring
strategy, reporting positive EPS of $1.13 in 2025 — its first
profitable year since 2022. The automotive aftermarket industry
has historically remained resilient during economic downturns.
With the average vehicle age in the U.S. reaching 12.9 years,
alongside continued growth in miles driven and overall vehicle
fleet size, Advance Auto Parts is positioning themselves for
sustained long-term demand and operational stability.1. Government-Supported Economic Hub : The subject is
seated in Bonifay, the county seat of Holmes County, benefiting
from ongoing government and public-sector activity. Half a mile
northeast of the subject lies the Florida National Guard Armory,
which supports military training and regional disaster response
coordination. Recent additions of Probes Unlimited and the Busy
Bee transportation hub continue to drive economic growth,
employment, and long-term investment potential in the area.
2. Opportunity Zone : Subject lies in Homles County, which has
been designated as a Qualified Opportunity Zone. This designation
provides investors with potential tax advantages, including step-
ups in basis for qualifying hold periods. Additionally, investments
held for more than ten years may qualify for an exemption from
capital gains tax upon disposition.
3. Recession-Resistant Tenant : Advance Auto Parts (NYSE:
AAP) continues to gain momentum through its restructuring
strategy, reporting positive EPS of $1.13 in 2025 — its first
profitable year since 2022. The automotive aftermarket industry
has historically remained resilient during economic downturns.
With the average vehicle age in the U.S. reaching 12.9 years,
alongside continued growth in miles driven and overall vehicle
fleet size, Advance Auto Parts is positioning themselves for
sustained long-term demand and operational stability.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,732 SF
Building Class
C
Year Built
1987
Price
$764,337 CAD
Price Per SF
$113.54 CAD
Cap Rate
6.14%
NOI
$46,912 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.48 AC

Property Taxes

Property Taxes

Parcel Number
0531.02-005-136-001.000
Land Assessment
$67,510 CAD
Improvements Assessment
$378,099 CAD
Total Assessment
$445,610 CAD
  • Listing ID: 40960810

  • Date on Market: 2026-06-17

  • Last Updated:

  • Address: 811 N Waukesha St, Bonifay, FL 32425

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