$2,455,000 USD
202-777-2005
2 S Blue Angel Pky
Pensacola, FL 32506
Outer Southwest Pensacola
HIGHLIGHTS
- Brand new 15-year absolute NNN ground lease with Southwest Georgia Oil (“SWGO”)
- Four, five-year options - 10% increase year 11; 5% increase each option period
- SWGO corporate guarantee - 70+ unit operator (and growing) with extremely strong financials
- SWGO has invested significant capital in upgrading/re-branding (Inland and SunStop Convenience) the convenience store and fuel system
- Hard signalized corner of Blue Angel Parkway and Highway 98 - daily traffic counts in excess of 41,000
- Adjacent to McDonald’s, Wawa, HCA Florida and brand new 70,000 square foot Publix anchored retail development
OVERVIEW
2 S Blue Angel Parkway is an absolute net ground leased gas and convenience store ideally positioned in Pensacola, Florida. The property is situated at a signalized hard corner with tremendous traffic counts; surrounded by national retailers such as Publix, Winn-Dixie, McDonald’s, Wawa and more. The offering is a rare opportunity to acquire exceptional real estate located in an extremely high-barriers-to-entry market that is ground leased to a tremendous regional operator.
FOR SALE DETAILS
PRICE
$2,455,000 USD
PRICE/SF
$1,064 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.55 AC
LAND SF
23,958 SF
ZONING
HC/LI
APN/PARCEL ID
23-2S-31-1201-000-001
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202-777-2005
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202-777-2005
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