1717 N Pace Blvd - 9,100 SF Family Dollar NNN Investment For Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30665735 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Mixed Use, Retail-Pad, Street Retail
|
| Building Size (RSF): |
9,100 SF
|
| Gross Land Area: |
0.98 Acres
|
| Sale Price: |
$1,666,061 |
| Unit Price: |
$183.08 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Building Name: |
Family Dollar |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.25% |
| Last Updated: |
4/14/2021 |
Overview / Comments
Free standing, 9,100 square foot Family Dollar Store built in 2010 on a .98 acre MOL site in Pensacola, FL. The remaining lease term is approximately 4.25 years as Family Dollar recently exercised their first option to renew the lease. Family Dollar maintains three, five year options to renew with 10% rent escalations for each option. The yearly rent is $137,450, and the property is currently offered at a 8.25% percent capitalization rate, which equates to $1,666,061 and the property is located in an Opportunity Zone.
PRICE REDUCED!
|
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Escambia |
| Tax ID/APN: |
172S301200001022 |
| Retail Clientele: |
General, Family, Traveler, Tourist |
| Property Located Between: |
W Fairfield Drive and W Cervantes Street |
| Property Visibility: |
Excellent |
| Traffic/Vehicle Count: |
21,631 |
| Site Description: |
.98 acre MOL |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
2010 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,832 |
80,856 |
155,919 |
| Median Age: |
40.11 |
36.33 |
37.88 |
| Households: |
5,006 |
30,886 |
61,177 |
|
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