

Golden Corral- BACK ON THE MARKET
Retail | 6.00% CAP | 9,737 SqFt
Marketing description
The retail real estate market surrounding 414 NW Mary Esther Cutoff in Fort Walton Beach, Florida is located within one of the city’s primary commercial corridors, characterized by strong traffic counts, national retail tenants, and proximity to major employment centers. Mary Esther Cutoff serves as a key north–south arterial with traffic volumes 37,000 vehicles per day. Retail demand in this corridor is supported by a stable local population, tourism activity, and a significant military presence from nearby Eglin Air Force Base and Hurlburt Field, which collectively employ tens of thousands of personnel. The area features several established neighborhood and power that attracts more than two million visits annually and benefits from a daytime population of over 59,000 within a three-mile radius.
Retailers in the immediate trade area include a mix of national chains and local businesses. Key anchors and nearby tenants include Publix Super Market at Sun Plaza Shopping Center along with retailers such as TJ Maxx, Bealls, Books-A-Million, and Aldi within the Sun Plaza development. Additional national retailers and service providers include Home Depot, Office Depot, Walgreens, CVS, and Michael’s, creating a dense convenience-oriented retail cluster. Overall, the area functions as a well-established neighborhood and community retail hub serving both local residents and military personnel, with continued demand for service retail, restaurants, and daily-needs tenants along the Mary Esther Cutoff corridor.
Investment highlights
- Absolute NNN lease
- Asking Price: $3,171,7332
- NOI: $190,304
- Cap Rate: 6.00%
- 6.5 years remaining Initial Lease Term. 1.5% annual rent increases.
- 2 Five-year options after expiration of Initial Term. Total 16.5 years remaining.
- Because the rent is below market rates, the investment remains stable even if the tenant leaves. The property offers redevelopment potential that surpasses its current value in use.
- General commercial zoning permits wide range of uses allowed.
- High traffic counts and located in a destination retail hub Located in THE retail hub of Hernando County
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