5624-5646 Woodbine Rd - Retail FOR SALE
Pace, FL 32571 |
$5,240,000 USD
305-395-6972
5624-5646 Woodbine Rd
Pace, FL 32571
HIGHLIGHTS
- (Value-Add) Majority of Leases Turning Within the Next Year: The property features an exceptionally short weighted average lease term (WALT)
- Below-Market In-Place Rents with Mark-to-Market Upside: In-place rents average approximately $15 PSF
- Publix-Adjacent Location with Built-In Traffic Drivers: Stone Brook Plaza is strategically positioned adjacent to a Publix-anchored shopping center
- All NNN Leases: All of the tenants operate under triple-net (NNN) lease structures, providing reimbursement of taxes, insurance, and CAM expenses
- Oversized Parcel with Long-Term Flexibility: The property sits on an oversized parcel relative to its current footprint
- Strong Suburban Demographics with Continued Growth: Pace is a rapidly growing suburban community within the Pensacola MSA
FOR SALE DETAILS
PRICE
$5,240,000 USD
PRICE/SF
$204 USD /SF
CAP RATE
6.03%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
75
LAND DETAILS
LAND ACRES
4.34 AC
LAND SF
189,050 SF
ZONING
HCD
APN/PARCEL ID
32-2N-29-0000-00601-0000
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305-395-6972
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305-395-6972
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