Freestanding Office Building

Fort Walton Beach is located between Pensacola and Panama City. The Property's trade area is largely characterized by military personnel from Eglin Air Force Base and Hurlburt Field. Eglin Air Force Base covers over 463,000 acres and employs more than 8,500 military and approximately 4,500 civilians. Hurlburt Field has 10,782 active duty military personnel and 1,316 civilian employees. These combine to create a very stable employment base for the trade area, making it highly desirable. The new projects and infrastructure improvements within the Fort Walton Beach MSA have drawn private development to the city, creating new jobs and a booming economy. With the stable economy, Northwest Florida College, the largest U.S. air force base globally, strong tourism market, low state taxes, highly-rated school systems, and beautiful beaches, Okaloosa County, Florida has become a highly sought after MSA and community to reside and popular tourist destination.Excellent office opportunity in an income tax-free state. The property is situated on +/-0.23 acres in the heart of Fort Walton Beach and is located in the core retail trade area for the market. The property shares a parking lot that Step One Automotive Group uses. The property is within minutes of numerous national retailers, restaurants, and other businesses, which include Ross Dress For Less, Ulta, Five Below, West Marine, Winn-Dixie, Party City, Buffalo Wild Wings, Five Guys, Starbucks, Firehouse Subs, and many more.Excellent absolute NNN office investment opportunity in a income tax free state. The Tenant, TSA Consulting Group, Inc., is operating on an 10-year lease with +/-2.5 years remaining on the initial term of the lease. The tenant is currently paying $50,680/year with 3% annual bumps during the initial term and option terms of the lease. The tenant has 3 x 5-year renewal options remaining. The property is situated on +/- .23 acres in the heart of Fort Walton Beach. The properties share a parking lot that TSA Consulting uses.. The site is minutes to numerous national retailers, restaurants, and other businesses, such as Ross Dress For Less, Ulta, Five Below, West Marine, Winn-Dixie, Party City, Buffalo Wild Wings, Five Guys, Starbucks, Firehouse Subs, and many more.