Sunset Promenade
Office | 7,962 SqFt
Marketing description
Marcus & Millichap is pleased to present 1598 S County Highway 393 (Sunset Promenade), a fully leased, multi-tenant retail/office property located in the heart of Santa Rosa Beach, Florida, within the highly sought-after South Walton / 30A market. Originally constructed in 2004, the single-story building totals approximately 7,962 square feet of Gross Leasable Area and is situated on 0.91 acres with excellent frontage and visibility along South County Highway 393, a primary commercial corridor serving both local residents and strong tourist traffic.
The property is located just south of Scenic Highway 30A and only minutes from the Gulf of Mexico’s white-sand beaches, positioning it within one of Florida’s most desirable coastal destinations. Its proximity to beach access points, vacation rentals, luxury residential communities, and boutique retail corridors enhances year-round consumer traffic and supports consistent tenant demand driven by both affluent residents and seasonal tourism.
The property is 100% occupied and operates under a mix of Double Net (NN) and Triple Net (NNN) lease structures, allowing for strong expense recoveries while providing investors with stable, predictable cash flow. The diverse tenant mix reflects the strength and durability of demand in the Santa Rosa Beach market, supported by affluent demographics, sustained tourism activity, and continued residential growth throughout the 30A corridor. These fundamentals position Sunset Promenade as a compelling long-term investment opportunity in one of Florida’s most desirable coastal submarkets.
Investment highlights
Minutes to the Beach / 30A Access:
• Located just south of Scenic Highway 30A and only minutes from the Gulf’s white-sand beaches, positioning the property within one of Florida’s most desirable coastal retail corridors.
Adjacent Community Parking Benefit:
• The property benefits from its proximity to a neighboring community parking lot, enhancing accessibility and customer convenience while supporting tenant traffic.
Prime Highway Exposure:
• Excellent visibility and access along South County Hwy 393 — a key commercial corridor serving both local residents and strong tourist traffic.
High Demand Retail Corridor:
• Surrounded by strong commercial activity featuring a mix of national brands and established local destinations, reinforcing sustained consumer traffic and tenant demand.
Affluent Demographics:
• The Santa Rosa Beach / 30A coastal area supports a higher-income consumer base and strong year-round retail demand.
Growth & Development:
• The surrounding area continues to experience new residential and commercial development, supporting long-term tenant stability and future value appreciation.
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