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 Market9
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
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Corey Bunch · License #6501405208
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 1 at 6:02AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $179.0k | $18.00 |
| − Vacancy | −$18.4k | −$1.85 |
| EGI | $160.6k | $16.15 |
| − OpEx | −$48.2k | −$4.84 |
| NOI | $112.4k | $11.30 |
9,944 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
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.
Property Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
235k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 55%
Shops & Services 17%
Dining 16%
Groceries 6%
Walmart
Superstores
80,409 visits/mo
0.3 miles
Target
Superstores
47,835 visits/mo
0.1 miles
Starbucks
Dining
17,419 visits/mo
0.2 miles
Aldi
Groceries
15,094 visits/mo
0.0 miles
Tom Thumb Food Stores
Shops & Services
14,053 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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)
