Property
Beds
None
Full Baths
0
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
This transaction involves two successful Gold's Gym health clubs operating in Miramar Beach since 1999 and Fort Walton Beach since 1996. The freestanding Miramar building is 10,940 SF (9,910 SF Net Rentable) with 200' of prime footage on Hwy 98. The freestanding Fort Walton building is 10,126 SF (10,047 SF Net Rentable) with 212' of frontage on Eglin Pkwy. There is ''significant traffic count'' going by both of these properties. The Ownership would consider the following Acquisition Option: 1.) A Sale/Lease-Back with the Owner staying on as the Tenant with a ''negotiable'' 10-Year NNN Lease. The Cap Rate would be around 8.0% depending on Terms!! Lastly, the Ownership has Partnered with one of the best health & fitness professionals in the industry to drive increase Memberships!!
Features & Amenities
Interior
-
Bathrooms
0
Area & Lot
-
Lot Dimensions
200' X 400'
-
Property Type
E
-
Property Class
Commercial
Exterior
-
Garage
No
Financial
-
Sales Price
$4,950,000
-
Zoning
Coastal Center
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Location
County
Walton
Listing Courtesy of Tony R Manthey , The Premier Property Group
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30A Luxury Group
EXP LUXURYGROUP 30A
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