The offering consists of a single tenant Kmart occupied property. The building features approximately 94,841 square feet of building on approximately 9.52 acres of land. Kmart is nearing the end of their initial 25 year lease term on November 30th, 2018 and has ten 5-year options to extend at the same rate and terms.

The property enjoys excellent visibility with approx. 625 feet of frontage on Highway 90. Highway 90 is a major east-west arterial highway, which is trafficked by over 33,000 vehicles per day at this location. The property also benefits from a pylon sign on Highway 90 as well as excellent access via a dedicated signal light and left turn lane into this property. There is additional access via the adjoining property's driveway. Furthermore, the tenant enjoys abundant parking of approximately 490 spaces (5.17 stall per 1,000 sq. ft.).

The adjacent property was recently acquired by the Santa Rosa School Board for conversion into their executive offices.

Location Description:

Milton is a city in Santa Rosa County in the Pensacola metropolitan area. In the city of Milton, the property is centrally located just east of the signalized intersection of Highway 90 and Avalon Blvd (Highway 281). This location is ideally situated across from the Milton government offices and close to Pensacola State College and the University of Florida's, Milton Campuses.

Highway 90 is Milton's main east-west commercial corridor and as such nearby major retailers include Lowes, Super Walmart, Target, Home Depot, Office Depot, Publix, TJ Maxx, PetSmart all to the west of the Subject Property and Big Lots, Bealls, and Cato to the east of the Subject Property.

This area features a population of over 51,100 within a 5 mile radius with an estimated average household income of almost $62,000.

Milton is the county seat of Santa Rosa County. The City of Milton is among the oldest cities in Florida, incorporated in 1844. Milton is known as the canoe capital of Florida and the home of Whiting Field. NAS Whiting Field is a United States Navy Base, located approximately 8 miles north of Milton and provides support services and materials for a training air wing and 6 training squadrons for primary and intermediate training of fixed-wing aviation and advanced helicopter training to student aviators. The $44 billion industry is the state