NNN Office Investment in Destin FL
Description
This NNN Office Investment opportunity is located in Destin, Florida and features a single-tenant executive office property secured by a brand-new 10-year absolute NNN lease. The asset offers investors passive income with no landlord management responsibilities and full occupancy from day one.
The lease includes annual 2% rental increases, providing predictable income growth throughout the primary term and enhancing long-term return stability in a strong coastal Florida market.
The tenant, Micro Suites USA managed by Regus, operates within a globally recognized flexible workspace platform with thousands of locations across more than 120 countries, supporting a worldwide business community of approximately 2.5 million members.
The building is well maintained and professionally operated, offering a turnkey investment backed by a national tenant presence in a market driven by tourism, business travel, and regional economic strength.
Investment Highlights
- Brand-New 10-Year Absolute NNN Lease: Zero landlord responsibilities with predictable cash flow
- Annual 2% Rent Increases: Built-in income growth over the full lease term
- National Tenant Presence: Micro Suites USA managed by Regus with a global workspace network
- High-Quality Asset: Well-kept executive office building with no deferred maintenance
- Prime Destin Location: Adjacent to Destin Executive Airport within a dense office corridor
- Strong Retail Synergy: Surrounded by major national retailers and daily-use services
- Tourism-Driven Market: Near downtown Destin with millions of annual visitors
- Coastal & Military Demand: Proximity to beach resorts, conference centers, and major military installations
- Affluent Demographics: Average household income exceeds $116,000 within a three-mile radius
- Emerald Coast Economy: Market supported by tourism, vacation homes, and military employment
Address
Overview
- Property ID 14526
- Price $3,317,000
- Property Type Business, Office, Retail
- Property status For sale
- Year Built 2006
- Size 4,500 SqFt
- Sub Type Executive Office
- Investment Type Net Lease
- Lease Type Absolute NNN
- Tenancy Single
- Brand/Tenant Micro Suites USA managed by Regus
- Lease Term 10.1 years
- Lease Commencement 12/01/2025
- Lease Expiration 12/31/2035
- Remaining Term 10 years
- Cap Rate 8.00%
- Occupancy 100%
- Stories 1
- Lot Size (SqFt) 16,553
- Rent Bumps 2% Annually
- Broker Co-Op Yes
