Choctaw Plaza 111-119 Racetrack Rd NW

93,452 SF 98% Leased Retail Building Fort Walton Beach, FL 32547 $16,241,829 CAD ($173.80 CAD/SF) 8% Cap Rate

INVESTMENT HIGHLIGHTS

  • Brand New, 10-Year Lease with Goodwill
  • Close Proximity to Two Large Air Force Bases
  • Long-Term, Established Tenant Base

EXECUTIVE SUMMARY

Brand New 10-Year NNN Lease with Goodwill. 8.00% Cap Rate on In-Place income.

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
93,452 SF
Building Class
B
Year Built/Renovated
1974/2005
Price
$16,241,829 CAD
Price Per SF
$173.80 CAD
Cap Rate
8%
NOI
$1,299,346 CAD
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
6.59 AC
Zoning
CG - Commercial General
Parking
356 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
325’ on Racetrack Road Northwest

AMENITIES

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Public Administration
  • -
  • $9.99
  • -
  • Jan 0000

Florida Department of Juvenile Justice is to enhance public safety through high-quality effective services for youth and families delivered by world-class professionals dedicated to building a stronger, safer Florida. Florida’s juvenile justice system will continue to pursue comprehensive system improvement and deploy proven practices that solidify their place as the leading system in the nation.

  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Social Security provides financial protection for the nation’s people, supporting Americans throughout all of life’s journeys. They administer retirement, disability, survivor, and family benefits, and enroll individuals in Medicare. They also provide Social Security Numbers, which are unique identifiers needed to work, handle financial transactions, and determine eligibility for certain government services. Social Security provides retirement income for almost every American worker. They also administer Supplemental Security Income (SSI) to some individuals over a certain age who have limited income and resources. With retirement, disability, and survivors benefits, Social Security is one of the most successful anti-poverty programs in the nation's history. Social Security is committed to helping maintain the basic well-being and protection of the people they serve. They pay benefits to millions of people including retirees, children, widows, and widowers.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Public Administration - $9.99 - Jan 0000
Public Administration - $9.99 Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Truist
PNC Bank
CrossFit
Servisfirst Bank
Anytime Fitness
Snap Fitness 24/7
The YMCA

PROPERTY TAXES

  • Listing ID: 35162557

  • Date on Market: 2025-03-17

  • Last Updated:

  • Address: 111-119 Racetrack Rd NW, Fort Walton Beach, FL 32547