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        <title>Destin &amp; South Walton Real Estate Blog</title>
        <link>https://www.destinrealestatesales.com/blog/tags/investment-property/</link>
        <description>Get current trends, statistics, and learn more about real estate opportunities in Destin and South Walton, Florida.</description>
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    <guid>https://www.destinrealestatesales.com/blog/buy-destins-sherwin-williams-store.html</guid>
    <link>https://www.destinrealestatesales.com/blog/buy-destins-sherwin-williams-store.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Buy Destin’s Sherwin Williams Store</title>
    <description> <![CDATA[ 
INVESTMENT OPPORTUNITY  If you are scrambling around trying to find a safe, lucrative investment for your big upcoming 1031 Tax Deferred Exchange requirement, an excellent opportunity has just become available in Destin. A profitable 4,020 square foot active Sherwin Williams store located at 3628 Emerald Coast Parkway has just been listed. It has a coveted location with a .45 acre corner lot on the south side of the highway that includes a signal light intersection for easy access. It is near the northern gate of the exclusive residential community of Destiny just east of Regatta Bay with a very high traffic count, which averages 40,000 vehicles per day. The massive store was constructed in 2014 by the reputable Lord and Sons contractor and been actively in operation ever since.



Commercial Real Estate in the United States usually uses a Net Lease for business operations, which requires the tenant to pay rent plus some or all property expenses associated with property expenses such as taxes, insurance, maintenance, repairs, operations, and utilities. Advantages to this form of investment are that the owner-landlord has significantly lower on-going property costs, signs onto an Investment Grade Tenant and receives a Corporate Guarantee to pay a lease over a period of years. The amount of duration of time for the lease is an important concern with such investments because short-term Net Lease Agreements can be riskier. This is a long Net Lease with a corporate guarantee by Sherwin Williams to occupy the building for another six years as part of their original ten-year lease. It also comes with four Five Year Renewal Options on the original lease contract.



Sherwin Williams is highly reputable in the business world and is best known as one of the nation’s biggest provider of paints and primers since being established in Columbus, Ohio back in 1866. Their paint has been used on the Golden Gate Bridge as well as The White House. Sherwin Williams products are used for homes and buildings, protective marine craft coatings, product finishes, automotive and transportation finishes as well as aerospace. They have over 4,000 stores nationwide but this is their only retail outlet in Destin. This gives them a great central location for a huge burgeoning market including new developments as well as existing properties. The closest two other nearest Sherwin Williams stores are miles away in Fort Walton Beach.  The corporation has had Consolidated Net Sales increases for the past ten years with record sales and earnings. In 2017 Consolidated Sales came in at almost 15 Billion dollars.  Stockholders have been paid increased dividends every year since 1979.



This Net Lease Investment in Destin is priced at $1,875,000. Contact our Ocean Reef Real Estate Office today for a professional consultation at 877-392-6085. We can work to provide you with detailed lease information and answer any questions you might have about this property or others like it.

 
 
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    <pubDate>Thu, 19 Jul 2018 20:45:00 -0500</pubDate>
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    <guid>https://www.destinrealestatesales.com/blog/destin-and-fort-walton-beach-golds-gyms-for-sale.html</guid>
    <link>https://www.destinrealestatesales.com/blog/destin-and-fort-walton-beach-golds-gyms-for-sale.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Destin and Fort Walton Beach Golds Gyms for Sale</title>
    <description> <![CDATA[ 
Gold’s Gym has become a household name since becoming the first pioneer in the entrepreneurial world of fitness over 50-years ago. They started out in Venice, California back in 1965, way before the fitness fever and national mania for Adonis or Venus-like bodies became all the rage. They have grown exponentially and have thrived ever since. Today they are found in well over 700 locations throughout the U.S. and twelve different countries. Gyms are located around the globe from New York to Egypt to Australia to California to Florida. Gold’s has always been at the forefront of the fitness revolution with state of the art equipment, personal instruction from certified trainers and diverse, dynamic group exercise programs. The global fitness industry is now an 84 Billion dollar business. Now you have a double opportunity to invest in this thriving enterprise since two individual Gold’s Gyms are offered for sale in the Destin area. One is located at Miramar Beach while the other is in Fort Walton Beach. The physical real estate and preexisting businesses are being sold simultaneously.


The Gold’s Gym in Miramar Beach is located just east of Holiday Road on the north side of the Emerald Coast Parkway. This location is highly visible since almost 50,000 vehicles pass by this site on any given day. This building was built in 1999 and has been in business operation for almost 20-years. The gym encompasses 11,032 square feet and sits on a 1.84-acre commercial parcel.





The second Gold’s gym is located in Fort Walton Beach. The commercial parcel comprises 1.1 acres on Eglin Parkway, which is also quite visible with 15,000 vehicles that pass this site every day. The building was constructed in 2006 and encompasses 10,080 square feet. The combined membership that includes both gyms is acclaimed as the largest in the area with 2,300 total members.





Each gym has its own website. Both gyms include cardio equipment, free weights, resistance machines, functional training, circuit training, personal training, group exercise programs, nutritional counseling, locker rooms, a towel service, martial arts, a boxing area, yoga sessions and a kid’s club.   These properties are being offered at a total of $6,150,000. Note that Gold’s Gym is the world’s 1 Full-Service Fitness Franchise. Average annual gross revenues for 115 corporately owned holdings are reported by Gold’s to be $2,290,000. Currently, investment level estimate property costs stated by Gold’s Gym ranges from $2,218,250 to $5,500,000 for one single gym with an initial franchise fee of $40,000. Gold’s prefers a minimum net worth of $1,000,000 with $400,000 liquidity to become a franchise candidate.  Contact our Ocean Reef Real Estate Office today at (877) 392-6085 for a professional consultation and pertinent details related to this purchase.

 
 
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    <pubDate>Thu, 15 Mar 2018 08:15:00 -0500</pubDate>
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    <guid>https://www.destinrealestatesales.com/blog/buy-south-walton-car-wash.html</guid>
    <link>https://www.destinrealestatesales.com/blog/buy-south-walton-car-wash.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Buy South Walton Car Wash</title>
    <description> <![CDATA[ 
In recent years wash facilities have become a popular investment for business income and 37 of all these existing enterprises today have opened in just the past five years. The total gross revenue is almost a Six Billion Dollar industry nationwide. People pay to have over eight million cars washed every day throughout the country. An in-bay car wash generates an average of approximately $140,000 per year with an annual net profit at close to $90,000. Now a turnkey commercial opportunity to own a car wash is available in southern Walton County and is located right on Emerald Coast Parkway, (Highway 98), near Santa Rosa Beach. It is extremely close to Scenic County Highway 30A, just east of its junction to Highway 98. This prime commercial location has an impressive traffic count that averages over 40,000 vehicles per day.


The existing Santa Rosa Beach business receives favorable Four Star Reviews from customers and currently has the highest rating when compared to other local car washes. The business also has a professional website for marketing and car wash operations. This enterprise provides a full-service car wash seven days per week from 9 am till 5 pm but is also open for self-serve 24 hours per day. Full-service washes range from $8 to $25 while a “Premier” car wash service with hand applied hard paste wax goes for $45. There is also a special “Drop Off” service charges $99.


This car wash is located on .62 acres land that has an unincorporated general commercial zoning as designated through Walton County Planning and Zoning. The General Commercial land use also allows for offices, retail businesses, wholesale operations, lodging facilities, restaurants, shopping centers, medical facilities, fueling or gas stations, repair shops, convenience stores and grocery stores.


Although there are no other properties of this type currently listed for sale, there are vacant commercial properties along Highway 98 one acre or less that are listed unimproved between $495,000 and $695,000 for an average of $595,000. Note that the listing agent is also a licensed Realtor. This property with a successful turnkey business operation is listed at $1,599,000. Let Ocean Reef Real Estate help you get more detailed information at (877) 392-6085. If this opportunity is of interest, we can provide professional consultation, a commercial property analysis, revenue information, cost analysis and help as a mediator when you start negotiations. 

 
 
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    <pubDate>Thu, 01 Mar 2018 19:50:00 -0600</pubDate>
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    <guid>https://www.destinrealestatesales.com/blog/30a-hotel-for-sale.html</guid>
    <link>https://www.destinrealestatesales.com/blog/30a-hotel-for-sale.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>30A Hotel for Sale</title>
    <description> <![CDATA[ 
A commercial real estate development that already includes a pre-existing hotel, a banquet hall and an office building has just been listed for sale. It is located at Topsail Village with an outstanding location on Scenic 30A, just one mile southeast of the intersection with the Emerald Coast Parkway. This desirable 30A location places the property only two miles east of Grand Boulevard in Sandestin and less than a mile from two public beach access points. It includes ownership of an existing fifteen unit boutique hotel known as 30-A Suites, a thriving wedding rental venue called Celebration Hall and a two story office building on site. It also includes ownership to approximately three acres with preapproved development rights for an additional hotel, a restaurant and meeting hall expansion.



The existing 30A Suites Boutique Hotel is three stories tall and has fifteen beautifully furnished rooms in an ongoing business that was started just a few years ago.  It receives top 4.5 Star Ratings among visiting guests on TripAdvisor with such comments as “simply amazing”, “great beach get away” and “awesomely beautiful and comfortable.” The hotel has its own website and on-going bookings for reservations. The Celebration Hall is a 3,800 square foot building that resembles a tall white European styled manor or church that can hold up to 300 people. This serves as a popular 30A wedding venue with the stately hall usually serving as a chapel and the adjacent lushly landscaped lawn providing space for receptions. This portion of the business operation also has its own website, existing reservations for future weddings and a list of business connections with ability to provide catering services, beverages, tents, dance floors and decorations. The operation of the Celebration Hall and 30A Suites dovetails nicely to provide a popular place for accommodating both wedding events and overnight guests. The two story office building offers 2,600 square feet of total space and may be used as a point for owner operations or extra rentals. Note that a swimming pool is currently under construction for the use of rental guests and will be included in the purchase of the property.



Besides these pre-existing buildings and businesses this sale also includes complete rights to a development order that was just approved by Walton County Planning Department on February 24, 2015. This development order approves expansion on the property’s approximate three acre site for construction of a hotel with sixty additional units, a restaurant with up to 5,220 square feet and an additional 1,295 Meeting Space. Completed and approved engineering plans allow the development to connect to existing sewer, water and gas lines. Traffic and Parking plans have also been approved and are 70 complete. Since this development process has already been completed and site engineering plans approved there are no additional public meetings required. This project has a green light to proceed with the permit filing of proper architectural working drawings when completed.


The owner/sellers can provide complete information and all documents upon appointment. Total price is $12,000,000.  For more information or to schedule a showing of this 30A Hotel for Sale call one of our South Walton real estate sales agents at 877.392.6085.

 
 
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    <pubDate>Thu, 09 Apr 2015 08:48:00 -0500</pubDate>
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    <guid>https://www.destinrealestatesales.com/blog/3-destin-vacation-rentals-for-sale-grossing-77k.html</guid>
    <link>https://www.destinrealestatesales.com/blog/3-destin-vacation-rentals-for-sale-grossing-77k.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>3 Destin Vacation Rentals for Sale: All Grossing $77K+</title>
    <description> <![CDATA[ 
For over thirty three years Ocean Reef Resorts has represented private vacation rental properties in Destin and all along the Emerald Coast of Northwest Florida. Many Ocean Reef guests fall in love with this area and desire to purchase property here so we offer professional Real Estate Consulting Services. This dove tails seamlessly with the rental operations side of the business since many buyers are interested in rental investment properties. In a new nationwide poll published this week on floridarealtors.org, eight out of every ten buyers in Florida factor potential income into their decision to buy property. Such income helps offset mortgage payments, property taxes, insurance cost, maintenance and HOA fees. Ocean Reef has decades of vacation rental property expertise including current rates, statistical analysis, cost of operations as well as anticipated gross and net incomes for rentals. We provide our clients with a wealth of information to help determine future budgets, gross and net income. This helps to make the right decision when purchasing a vacation home that may also be used as a rental investment property. Here are three impressive vacation rental properties currently available on the market now in Destin's Miramar Beach. Each one is documented with recent gross rental histories averaging over $77,000 per year.







Seawinds 4, located at 1577 Scenic Gulf Drive, is a four bedroom three level beachfront townhome that can sleep up to twelve guests. It is contemporary and comfortable with pleasing pastel tones decorated with nautical colors. Each level has walls of windows overlooking the jeweled waters of the glistening gulf. The first floor has a covered porch with a swing and outdoor dining tables along with an expansive beachfront sun deck. Additional balconies are above. Two couches face these views along with a floor to ceiling fireplace and flat screen TV. The dining area in this Great Room has six delicately carved creamy white chairs that sit around a dining table that adjoins the bright white ample kitchen. The second floor also has a lovely guest bedroom with two twin beds and access to a full hall bath. A gracious open staircase sweeps up to the Master Bedroom Suite which comprises the entire third floor.







Shell Shack, located at 140 Open Gulf Street is a six bedroom home with five baths that can sleep up to eighteen guests which helped it gross over $81,700 in its recent rental history. This spacious newer home of just under 2,900 square feet has a delightful Floridian flair in décor completed in with beautiful interiors of light blue, yellow, lavender and salmon color tones. Three of the comfortably furnished bedrooms have a full private bath en suite. The large family room has creamy oversized tile flooring throughout with crown moldings, a fireplace and sleeper sofas that face a flat screen TV. The open kitchen has modern stainless steel appliances, rich custom cabinetry and an angled Technistone countertop with four handsome raised bar seats. There is a Breakfast Table with four seats and a formal dining room that seats ten more. Doors lead out to the lushly landscaped patio that has a large heated swimming pool that is flanked by palms.







Wiki in the Tiki, located 156 Open Gulf Street, is has six bedrooms and five baths with an impressive gross of $87,000 in its recent rental history. All three levels of this beautiful well appointed home have a Master Bedroom Suite with a full private bath. Multiple bunk beds and other sleeping arrangements in the other three bedrooms make this an attractive rental for multiple families or friends. The main family room is spacious with parchment toned tile flooring accented by rich salmon colored walls. This gracious room has comfortable furnishings, a dining table that seats eight and an open kitchen with stainless steel appliances along with handsome chocolate colored custom cabinetry. Five bar seats facing the kitchen provide extra seating and a great place for enjoying favorite drinks and appetizers. Out back is a lovely swimming pool in a private intimate courtyard area that is reminiscent of old New Orleans. Balconies from some of the upstairs bedrooms look down upon this scenery. This hospitable home also has an extra living area with sleeper sofas and a flat screen TV for evening entertainment.


Give our one of our Ocean Reef Real Estate Agents a call at 877.392.6085 for additional details or to set up a tour of any of these vacation investment rental properties. We will be happy help provide you with whatever information you may need for your next purchase in Paradise 

 
 
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    <pubDate>Thu, 26 Feb 2015 09:46:00 -0600</pubDate>
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    <guid>https://www.destinrealestatesales.com/blog/miramar-beach-vacation-home-for-sale.html</guid>
    <link>https://www.destinrealestatesales.com/blog/miramar-beach-vacation-home-for-sale.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Miramar Beach Vacation Home for Sale</title>
    <description> <![CDATA[ 
Located at 178 Open Gulf Street is a three story six bedroom home with six full bathrooms offering over 3,000 square feet of gracious living and is just steps away from the luminescent emerald green waters of the gulf in magnificent Miramar Beach. It comes completely furnished with upscale professional décor and is comfortably appointed. Although this beach home has the look and feel of a private residence, it is also an excellent rental investment property. In fact in recent years it has become a popular family destination and grossed over $111,000 for 2013.



You may consider buying it as your Dream Home for retirement or use it as a vacation home and rent it out for lucrative passive income. Its award winning Old Florida design comes with breezy covered balconies on the upper floors and was featured a few years ago in the prestigious Parade of Homes. The balconies overlook a lushly landscaped palm studded splash pool that measures 10 x 20. Besides the comfortable furnishings it also has modern amenities which includes wall mounted TVs with DVDs and up to date stainless steel appliances in the open gourmet kitchen. The first floor includes the fabulously furnished family and dining room with a flat screen TV centered in the gracious living area. An elegant glass topped dining table nearby sits under a shaded chandelier with eight high backed chairs decorated with intricate pineapple carvings. There is a comfortably furnished den on this level that has sunny views of the gorgeous gulf nearby. Three of the six bedrooms are Master  Suites with king sized beds and luxurious private bathroom “en suite” located on each of the three levels. The main Master Bedroom Suite encompasses the entire third floor and has its own private balcony that offers dazzling views out toward the glistening gulf.


The fantastic Miramar Beach location is half way between Destin and South Walton’s Scenic 30A which makes it centrally located near the best of both worlds. Besides the neighborhood's own sparkling crystalline beach nestled beside the jewel toned waters there are lots of delightful diversions nearby. These include popular gulf front restaurants along Scenic Gulf Drive, lively bars, championship golf courses, and the nation’s largest designer discount outlet known as Silver Sands. Grocery stores and pharmacies are also conveniently close. The charming New Orleans inspired Village of Baytowne Wharf at Sandestin is minutes away offering a wide assortment of restaurants, bars, boutiques, free live musical concerts, fun seasonal festivals and firework celebrations.


This home is value priced at $949,000 which averages at $310.94 per square foot. At the present time there are only nine other six bedroom homes for sale in Miramar Beach with an average list price at $1,284,878 which comes in at an average of $399.50 per square foot. The vast majority of these homes are not gulf view locations. Five homes with six bedrooms have sold in Miramar Beach within the past twelve months which had an average price of $1,216,000 coming in at $309.91 per square foot. One of these was a 4,554 square foot beachside residence actually located on Open Gulf Street in the same neighborhood that closed at $2,700,000 at $592.89 per square foot.


Learn more about 178 Open Gulf Street below or start your Destin Real Estate search now.

 
 
 
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    <pubDate>Thu, 24 Jul 2014 12:05:00 -0500</pubDate>
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    <guid>https://www.destinrealestatesales.com/blog/buying-a-destin-vacation-rental-home.html</guid>
    <link>https://www.destinrealestatesales.com/blog/buying-a-destin-vacation-rental-home.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Buying a Destin Vacation Rental Home</title>
    <description> <![CDATA[ 
The word is out People are flocking to the sugar white sand beach and vibrant emerald hued gulf water of Destin, Florida. Once a sleepy fishing village, this intimate coastal town has exploded in popularity as a top tourist destination. Unlike many beach destinations in the United States, accommodations here in Destin are unique, big box run-of-the-mill hotel rooms are scarce. In fact, there’s not even one hotel on the beach in Destin’s city limits. Serious investors are drawn to buying vacation homes and condos in Destin for this very reason. In addition to professional real estate investors, many visitors are getting in on the action – acquiring a dream home along our shores. Are you considering buying a vacation rental home in Destin? If so, consider the following helpful tips:


 


The Perfect Vacation Rental Home Location  One of the most over-used sayings in real estate is “Location, Location, Location.” Why? Because it’s true Although Destin is just 16 miles long, there is a wealth of communities, resorts, and condominiums nestled along the Gulf. Income derived from a vacation rental is directly tied to the property’s proximity to the beach. The closer to the beach the high the revenue. Although you’re purchasing to maximize your investment, you’ll maximize your enjoyment by choosing the development that most aligns with your lifestyle.


 


Vacation Rental Amenities  You’ve narrowed the location of your vacation rental – now it’s time to consider the amenities your home or condo will offer to guests. Location and proximity to the beach are indeed the most vital factors, but amenities offered are a close second. For condos most amenities are included. These may be a fitness center, community pool, hot tub or a playground. Vacation homes may require a little bit more creativity. Subtle tweaks and additions can optimize your rental income. Sure adding a new pool or fitness center to your community may not be an option, but adopting the amenities offered by luxury resorts can go a long way. Vacationers are seeking to enhance their enjoyment, anything you can do to help translates to greater revenue.  Managing Your Vacation Rental  We are here to help you from start to finish with your vacation rental investment. In addition to being a full service Destin Real Estate Company we are also affiliated with the authority for vacation home rentals in Northwest Florida, Ocean Reef Resorts. This means our agents have access to over three decades of vital vacation rental statistics. With our wealth of knowledge we are able to accurately predict potential revenue and assist on pairing your emotional desires with your financial goals.  If you are considering purchasing a vacation rental in Destin, South Walton, or any of the surrounding areas we would love the opportunity to discuss your options and help you hand-select the perfect property. We are ready to build a lasting relationship with you and your family. Call 877.392.6085 to get started today

 
 
 
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    <pubDate>Thu, 10 Jul 2014 13:04:00 -0500</pubDate>
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