Absolute NNN Lease with Regus

Price: $3,317,000

Cap Rate: 8.0%

Location: Destin, FL

Brand new 10-year absolute NNN lease with Micro Suites USA managed by Regus

Lease features annual 2% rental increases

No landlord management required

Strong / National Tenant - Micro Suites USA managed by Regus, which has thousands of locations in over 120 countries, with a global network of workspaces that has created a business community of 2.5 million people

• Brand new 10-year absolute NNN lease - No landlord responsibilities whatsoever
• Strong / National Tenant - Micro Suites USA managed by Regus, which has thousands of locations in over 120 countries, with a global network of workspaces that has created a business community of 2.5 million people.
• Well-kept / High quality building - No deferred maintenance
• Strong location directly adjacent to Destin Executive Airport, a general aviation airport providing FBO services and private jet service
• Boasts high visibility along Airport Road in a dense office corridor
• Located near multiple national retailers such as Target, UPS, Chick-Fil-A, CVS, Crumbl Cookies, Hobby Lobby, Walmart, Publix and more
• 1 Mile From Downtown Destin, a major vacation and tourism destination seeing 4.5 million annual visitors
• 2 Miles From Destin Beach access and multiple conference centers, hotels and beach resorts in Destin
• 15 Miles From Eglin Air Force Base, The Largest Air Force Base in the world and a major command base with over 19,000 personnel, and 16 miles from Hurlburt Field Air Force Base, With 7,900+ active duty and 17,00+ civilian employees
• Strong Demographic / Affluent Location - The average household income is $116,457 within a 3-mile radius
• Florida’s Emerald Coast is a major economic driver in the state due to a combination of tourism, vacation homes and military bases, contributing billions to the economy