Highly Visible Dollar Tree
For Sale
$2,699,085
2950 S Blue Angel Parkway, Pensacola, FL 32506
Dollar Tree storefront with a 10-year double-net lease and corporate guarantee by Dollar Tree Corporation.
Property Size9,944 SF
Price / SF$271.43
Days on Market101
Property Features for 2950 S Blue Angel Parkway
General Information
Standard status
Active
Size
9,944 SF
Property subtype
Retail - Freestanding
Site & Location
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
5.25%
Building Details
Building Size
9,944 SF
Year Built
2022
Year Renovated
2022
Units
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Corey Bunch · License #6501405208
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 25
Last Checked: Nov 3 at 3:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Fortis Net Lease presents a 9,944 SF Dollar Tree store in Pensacola, Florida. The property is encumbered by a 10-year double-net lease, which is designed to leave minimal landlord responsibilities. The lease includes six (6) five-year renewal options, each with a $0.50 PSF rent increase.
The lease is corporately guaranteed by Dollar Tree Corporation, which carries a credit rating of “BBB-” (investment grade). The store is described as highly visible and is strategically positioned off the intersection of Hwy 292 & 173, which sees over 25,000 vehicles per day. The building is also located near a main artery leading into downtown Pensacola’s beach attractions.
The lease is corporately guaranteed by Dollar Tree Corporation, which carries a credit rating of “BBB-” (investment grade). The store is described as highly visible and is strategically positioned off the intersection of Hwy 292 & 173, which sees over 25,000 vehicles per day. The building is also located near a main artery leading into downtown Pensacola’s beach attractions.
Key Highlights
- 9,944 SF Dollar Tree store in Pensacola, FL, built in 2022
- 10‑year double‑net lease with minimal landlord responsibilities
- Dollar Tree corporate guarantee by Dollar Tree Corporation (BBB- investment grade credit rating)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,389
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,247,780
$2.2M
Cap Rate 7%
$1,605,557
$1.6M
Cap Rate 9%
$1,248,767
$1.2M
Market Conditions
NOI Build-Up for 9,944 SF
Gross rent
$179.0K $18.00/SF
− Vacancy
−$18.4K −$1.85/SF
EGI
$160.6K $16.15/SF
− OpEx
−$48.2K −$4.84/SF
NOI
$112.4K $11.30/SF
Area
Escambia County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,247,780
Cap Rate 7%
$1,605,557
Cap Rate 9%
$1,248,767
Alternative Uses
Best Use
Retail
$1.61M
$1.40M – $1.87M
NOI $112,389 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,290 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32506, FL
36,017
Population
16,625
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
88%
High-School Grad
30.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$59,978
Median Household Income
$36,216
Median Earnings
$1,280
Median Rent
$200,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Kebbie Hollingsworth Floral — 2700 Donley St, Pensacola, FL 32526
Frequently Asked Questions
What type of property is this?
Storefront property - Dollar Tree storefront with a 10-year double-net lease and corporate guarantee by Dollar Tree Corporation.
Where is this storefront property located?
The property is located at 2950 S Blue Angel Parkway Pensacola, FL.
What is the asking price?
The asking price for this property is $2,699,085.
What are key features of this property?
This property features: 9,944 SF Dollar Tree store in Pensacola, FL, built in 2022; 10‑year double‑net lease with minimal landlord responsibilities; Dollar Tree corporate guarantee by Dollar Tree Corporation (BBB- investment grade credit rating)
