NNN Office Investment in Destin FL

$3,317,000
For sale
14526 Property ID
4,500 SqFt Size

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

  • Address Destin, FL
  • Country United States
  • Province/State
  • City/Town
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Overview

  • Property ID 14526
  • Price $3,317,000
  • Property Type , ,
  • Property status
  • 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

Contact

Zena Bardawell Farah

Property Agent

+1 305-967-7200
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