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350 Mary Esther Blvd
Mary Esther, FL 32569

$2,700,000 USD

Freestanding For Sale  •  4,662 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 4,662 SF
  • Lot Size 0.53 AC
  • Building Class B
  • Year Built 2008
  • Cap Rate 6.60 %
  • Tenancy Single
0 Transit Score
67 Walk Score

Highlights

2008 Build to Suit for Panera Bread | Outparcel to Santa Rosa Mall With Drive-Thru and Outdoor Seating | 4,662-SF Building on a +/-0.53 Acre Parcel
3+ Years Remaining on an Absolute Net Ground Lease | No Landlord Responsibilities | 10% Rental Increases in Each of Three, 5-Year Renewal Options
Corporately Guaranteed Lease | Property Features a Drive Thru With Separate Exit, Outdoor Patio Seating and a Large Parking Lot With 20 Total Spaces
Two Points of Ingress and Egress | Outparcel to Santa Rosa Mall in a Dense Retail, Office and Residential Corridor | Mall is Undergoing Development
High Visibility Along Mary Esther Blvd on a Hard, Signalized Corner With a Dedicated Turn Lane and Access From Both Traffic Directions | 24,500+ VPD
Proximity to Multiple National Tenants Including Starbucks, Target, McDonald’s, Planet Fitness, Subway, Smoothie King, Piggly Wiggly, & More

Property Flyers

Cap Rate: 6.60 %

Amenities

  • Drive Thru
  • Wheelchair Accessible

Public Transportation

AirportDriveWalkDistance
Eglin AFB/Destin-Ft Walton Beach 31 min - 13.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Darpan Patel 513-325-8682 Marcus & Millichap
Darpan Patel 513-325-8682 Marcus & Millichap