$8,250,000
Inlet Beach, FL 32461
MLS# 931982
1 / 11
Property Description
$429,000.00+ NET OPERATING INCOME & NNN Leases!! Spectacular residual value involving this opportunity to acquire (5) contiguous commercial spaces at the enormously successful venue of The Village of South Walton in Santa Rosa Beach, Florida, located between the trophy addresses among Alys Beach and Rosemary Beach. The restaurant tenant, Lola's Italian Cuisine, occupies spaces C127, C128, and C129, and involves a lease term that matures on March 31, 2030. The extensive buildout is impressive and illustrated on the floorplan, which is uploaded to this listing; (83) interior seats and (32) exterior seats. The adjacent spaces, C126 is occupied by Starbucks Coffee, and C125 is occupied by Creative Crepes. The patronage of this town square is unequalled by any...
Details
None
Current Price: $8,250,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 30825625
List Date: 2023-09-10
List Price: $8,250,000
Listing Board: Emerald Coast
Location, Tax and Legal
Area: 18 - 30A East
Street #: 10343
Street Direction: E
Street Name: County Hwy 30A
Unit #: UNITS C125-C129
State: FL
Zip Code: 32461
County: Walton
Sub Area: 1804 - S. of 98 East of Camp Creek
Parcel ID: 35-3S-18-16202-000-C127
Property Name: The Village of South
Legal Description: (5) Commercial Condominiums
Walton County, Florida Parcel Identification Numbers 35-3S-18-16202-000-C125, 35-3S-18-16202-000-C126, 35-3S-18-16202-000-C127, 35-3S-18-16202-000-C128, and 35-3S-18-16202-000-C129
General Property Info
Listed on GCCMLS: Yes
Property Information: The Village of South Walton
Commercial Condominiums
C125, C126, C127, C128 & C129
Vacant: No
Immediate Occupancy: No
CAM Per: Month
Zoning: Commercial
Listing Info, Tax & Legal
As Is: No
Remarks & Misc
Remarks: $429,000.00+ NET OPERATING INCOME & NNN Leases!! Spectacular residual value involving this opportunity to acquire (5) contiguous commercial spaces at the enormously successful venue of The Village of South Walton in Santa Rosa Beach, Florida, located between the trophy addresses among Alys Beach and Rosemary Beach. The restaurant tenant, Lola's Italian Cuisine, occupies spaces C127, C128, and C129, and involves a lease term that matures on March 31, 2030. The extensive buildout is impressive and illustrated on the floorplan, which is uploaded to this listing; (83) interior seats and (32) exterior seats. The adjacent spaces, C126 is occupied by Starbucks Coffee, and C125 is occupied by Creative Crepes. The patronage of this town square is unequalled by any...
Office/Member Info
Cooperative Comp: 2
Cooperative Comp Type: %
Income Producing
Year Built: 2007
Net Operating Income: 429000
Cap Rate: 5.25
Property Type: Restaurant
Retail
Year Built: 2007
Net Operating Income: 429000
# of Units: 5
Property Type: Neighborhood Cntr
Property Features
Class: Income Producing; Retail
Construction Status: Existing
Supplements
venue along the renowned Scenic 30A corridor. The new underground pedestrian tunnel from the North to South side of Highway 98 will also supplement the phenomenal volume of patrons enjoying the beach villages located on the East end of Scenic 30A. Please inquire for further details.
Listing Office: Somers & Company
Last Updated: September - 10 - 2023
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
Friday 17th of May 2024 06:32 AM
