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.


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

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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


Photograph of Listing Agent

Deron Thomas, CCIM, SIOR

Industrial Realty Solutions CE-FL Member
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