10343 E County Highway 30A
Seacrest, FL 32413

• Unit Size: 1,200 SF
• Condo Use: Retail
• Price: $1,995,000 USD
• Sale Type: Investment
• Price/SF: $1,662.50 USD

Description

This PRIME COMMERCIAL RETAIL storefront is located on SCENIC 30A in South Walton County of the Emerald Coast of Florida, and oriented in the town square known as The Village of South Walton. It measures approximately 1,200 SF and should offer exceptional long-term residual value, perhaps to support your time-sensitive 1031 Tax Deferred Exchange! Positioned along the most coveted East end of Scenic 30A and strategically oriented in the charming, bustling town square of The Village of South Walton, which is synergistically located between Rosemary Beach and Alys Beach. Additionally, the pedestrian underpass at the intersection of Hwy 98 and Scenic 30A (currently under construction) will allow more filtration of retail patrons originating from the North side of Highway 98. Please inquire for further information following the execution of a Non-Disclosure & Confidentiality Agreement.

Sale Notes

Please call or text John Paul Somers (850) 259-9732 or Rachael Earley (850) 225-6478, to coordinate showings. Please do not access the space to show unannounced or approach any employees. This subject listing does not include the operating business, its related licensing, or intellectual property; rather, only the real property, Village of South Walton, C126. Some FF&E (Furniture, Fixtures & Equipment) exclusions may apply. The existing 10-year lease term expires May 31, 2032, with the Tenant's sole right to exercise one (10)-year renewal term. The current total monthly rent is $9,118.00, which includes NNN fees and state sale tax (reimbursable recoveries payable to Landlord). Base rent payments shall escalate at a rate of 4% annually.