4537 HIGHWAY 90 - Freestanding FOR SALE


Pace, FL 32571
$1,600,000 USD
850-477-7044
4537 HIGHWAY 90, Pace, FL for Sale
$1,600,000 USD
Freestanding - FOR SALE
1/4
null | 7.53% Cap Rate

4537 HIGHWAY 90
Pace, FL 32571


HIGHLIGHTS

  • Highway Frontage & Visibility – Positioned directly on U.S. Highway 90 with full access and exposure to over 37,500 vehicles per day.
  • A Strong Corridor Features Several Adjacent National Credit Tenants, including Publix, Target, Walmart, Chick-fil-A, Starbucks, and Lowe’s.
  • Vacant/Dark Investment Sale – Advance Auto Parts has vacated the premises, yet continues to pay rent under a recently extended lease, creating strong
  • NNN Lease Structure – ±/- 5 years remaining on a triple-net lease with zero landlord responsibilities and over $600,000 is rent still due.
  • NNN Lease Structure – ±/- 5 years remaining on a triple-net lease with zero landlord responsibilities and over $600,000 is rent still due.
  • Part of the thriving Pace/Milton trade area, one of the fastest-growing corridors in Northwest Florida, driven by strong residential growth and retail

OVERVIEW

Stirling Properties is pleased to list this strategically positioned retail investment sale along the highest-traffic corridors in Pace, Florida. The investment opportunity is a dark/vacant retail property currently leased by a national tenant. The 6,777 SF building, originally constructed in 2004 as a build-to-suit, remains under a corporate-guaranteed NNN lease. Despite the tenant ceasing operations at this location, the lease remains active, offering investors continued rental income with potential for future redevelopment or repositioning. Pace is experiencing significant commercial growth, enhancing the property's long-term value.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

7.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

VACANT INVESTMENT OPPORTUNITY – CORPORATE NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,756 SF

ZONING

HCD

APN/PARCEL ID

15-1N-29-0000-00408-0000

ASK ABOUT THIS PROPERTY

Jared JacksonStirling PropertiesMore Info
850-477-7044

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Jared JacksonStirling PropertiesMore Info
850-477-7044

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