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23285927
23285928

38 Thompson Rd, Santa Rosa Beach, FL 32459

CR
$5,000,000
423 days on market
Updated 10 days ago

Thompson Corners

Details
APN 33-2S-20-33260-001-0002
Property Type Industrial, Mixed Use (+1)
Sub Type Flex
Square Footage 9,791
Net Rentable (SqFt) 9,791
Units 5
Cap Rate 6.51%
NOI $325,377
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 07/25/2029
Remaining Term 3.1
Rent Bumps Yes
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 1.100
Zoning Village Mixed Use
Parking Spaces 34 spaces
Parking per 1,000 SqFt 3.47
Investment Type Stabilized
Lease Commencement 07/25/2024
Ground Lease No
Dock High Doors 2

Owner Financing Available: Fully Leased Asset with Future DOT Approved Traffic Light

Marketing description

Discover an exceptional commercial investment opportunity at 38 Thompson Rd, Santa Rosa Beach. Built in 2024, this substantial 9,791 sq ft retail/flex building features durable and energy-efficient ICF construction. The property is comprised of 5 individual units, with all 5 already generating income through existing leases. Enjoy unparalleled exposure with approximately 440 feet of valuable frontage along heavily traveled Highway 98. Adding to the appeal, the DOT has confirmed a future traffic light at this location, promising increased traffic flow and accessibility. Situated just 1.5 miles from the Gulf of America, this property is located in a dynamic and rapidly expanding area. This is a unique chance to acquire a modern, income-producing asset with significant growth potential.

Owner is willing to do seller financing up to a 5 year balloon at Prime.

Investment highlights

Built in 2024, energy-efficient ICF construction, 5 individual units, approximately 440 feet of valuable frontage along heavily traveled Highway 98 , future traffic light at this location, 1.5 miles from the Gulf of America

Listing Contacts

CR

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$325,377.23
$27,114.77/mo

Valuation Metrics

0
DSCR
6.51%
Cap Rate
6.51%
ROI

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Additional Information

Name
Christopher Roberts
License
SL3387172
Brokerage
EXP Realty LLC
Title
Real Estate Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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