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799 Beal Pkwy N, Fort Walton Beach, FL, 32547

7 Brew Coffee

$1,704,347

Key Information

Cap Rate
5.75%
$ per SF
$3,341
Lot Size
0.58 Acres
Year Built
2026
Term Remaining
± 15 Years
Type
Retail
Occupancy
100%
NOI
$98,000
Leasable Area
510

Highlights

• Brand New 2026 construction building
• 15-Year Absolute NNN ground lease
• Attractive 10% rental increases every 5 years of the lease (base term + extensions)
• Traffic counts 70,500 vehicles daily (Beal Pkwy & Racetrack Rd)
• 5 mile population of 75,729 residents
• The subject property benefits from strong retail synergy with nearby national tenants including Chick-Fil-A, Aldi, McDonalds, CVS, Culvers, Circle K, Walmart Supercenter, Panda Express, and many more
• Extremely strong average household income of $106,638, proving an affluent local community to support the store for years to come beyond seasonal vacation visitors
• Corporately guaranteed lease from 7 Crew, the second largest Seven Brew franchisee with 79 operational units and over 250 planned long term
• 7 Crew recently sold a majority stake to Franchise Equity Partners which is led by two former Goldman Sachs partners and manages in excess of $1.5 billion in franchisee investments
• Fort Walton has a strong military presence between both Eglin Air Force Base and Hurlbert Field (roughly ±13,633 service members)
• Florida is an income tax-free state

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203