2401 Creighton Rd - Retail FOR SALE


Pensacola, FL 32504- Ferry Pass
$2,904,000 USD
415-852-5177
2401 Creighton Rd, Pensacola, FL for Sale
$2,904,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

2401 Creighton Rd
Pensacola, FL 32504
Ferry Pass


HIGHLIGHTS

  • New 15-year absolute NNN ground lease to Circle K, one of the largest chains of company-owned convenience stores in the U.S
  • 5% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
  • Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment
  • Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience
  • 113,144 residents live within five miles of the property, marking a steady increase since 2010
  • High average annual household income of $105,834 within a three-mile radius of the property

OVERVIEW

Prime Retail Location: High-visibility and easily accessible location at the signalized four-way intersection of Creighton Road and Tippin Avenue, allowing for prime site visibility (combined 29K+ AADT). Circle K Backing: Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience. Ideal Demographic Base: The five-mile radius serves a populous region of 113,144, with an average annual household income of $105,834 within three miles. Cordova Mall: Two miles from Cordova Mall, the largest and most upscale shopping center in the Pensacola area, anchored by Belk, Dillard’s, Dick’s Sporting Goods, and Best Buy. Pensacola International Airport: Located immediately north of Pensacola International Airport, which welcomed a record-breaking 3 million+ passengers in 2024 and has experienced a 104% increase in both travelers and flights over the last decade. Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Circle K and Pensacola for steady concurrent growth.

FOR SALE DETAILS

PRICE

$2,904,000 USD

PRICE/SF

$558 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K Ground Lease

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

C-1

APN/PARCEL ID

10-1S-29-3101-010-004

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.