Retail Space For Sale @ 1601 E James Lee Blvd

Coldwell Banker Commercial is proud to offer for sale a 9,301 sf, free standing Dollar General retail Store. The Store was built as a Build to Suite in 2013 and has 10 years remaining on its original 15 year absolute NNN lease. This means no owner responsibilities. This is a true, " Mail Box Investment" in that the owner simply needs to collect the income from his investment. There is a 10% rent increase in all 4 of the 5 year option terms.
The property is located in Okaloosa County in the City of Crestview FL. The City of Crestview is located just outside Elgin Airforce Base and in close proximity to the popular destination beaches of Destin, Panama City and Pensacola. The City receives its share of tourism and has a low unemployment rate and high job growth rate when compared against the national average.
Also offered as a possibility is an assumable mortgage at a below current market interest rate with a 25 year amortization. This could allow a little flexibility and leveraging to an investor.