434 Racetrack Rd NE
Fort Walton Beach, FL 32547
Local commercial Bien À vendre

CBRE is pleased to present for sale CVS Pharmacy located at 434 Racetrack Road NE in Fort Walton Beach, Okaloosa County, approximately 50 miles east of Pensacola and just minutes from Florida's renowned Emerald Coast beaches.
CVS Pharmacy is one of the nation's most recognized and trusted pharmacy and convenience retail brands, operating thousands of locations across all 50 states. The company's long-standing market presence, essential-use business model, and focus on prescription services, health & wellness, and everyday convenience items have established it as a highly resilient tenant within the retail real estate sector.
The property is strategically positioned along Racetrack Road NE, a key local thoroughfare with strong daily traffic counts and convenient access to surrounding residential neighborhoods, retail centers, and service destinations. This busy corridor serves as an important connector providing exceptional visibility and accessibility for both local residents and pass-through traffic throughout the day.
Fort Walton Beach benefits from the presence of two major military installations: Eglin Air Force Base and Hurlburt Field, which collectively support tens of thousands of active-duty personnel, civilian employees, contractors, and their families. Eglin AFB alone is one of the largest Air Force installations in the world and serves as a critical economic engine for the entire region, providing a stable year-round population base that sets this market apart from many other seasonal coastal communities.
In addition to its strong military presence, Fort Walton Beach is part of Florida's famed Emerald Coast and sits just minutes from the Gulf of Mexico and neighboring Destin, one of the state's premier tourism destinations. The region attracts millions of visitors annually, supporting consistent demand for convenience retail and daily-needs shopping.
For investors seeking a truly passive income stream secured by Fortune 500 credit, this Fort Walton Beach CVS delivers exactly that: nothing to manage, no landlord obligations to absorb, and decades of renewal optionality still on the table in one of Florida's most resilient coastal markets.