NNN Neighborhood Retail
5624-5646 Woodbine Rd Pace, FL 32571
5624-5646 Woodbine Rd, Pace, FL, 32571
$5,240,000
For Sale
$5,240,000
Stone Brook Plaza is a Publix-adjacent neighborhood retail property with all tenants under triple-net lease structures.
Days on Market20
Property Features for 5624-5646 Woodbine Rd
General Information
- Standard status
- Active
- Property subtype
- Commercial
Listing agency
Matthews
(305) 395-6972
Listed by
Daniel Gonzalez · License #SL3463209 (FL)
(305) 395-6972
Source
Matthews
Added: Jul 3 Updated: Jul 22 at 8:47AM Checked: Jul 22 at 8:47AM
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 Matthews
Investment Insights
Based on property information with market context.
Stone Brook Plaza is a neighborhood retail center offering an investor-focused value-add profile, with an exceptionally short weighted average lease term of approximately 0.2 years. The in-place rent roll reflects below-market pricing, creating an opportunity to drive income through renewals, re-tenanting, and tenant upgrades. All tenants operate under triple-net (NNN) leases, shifting responsibility for taxes, insurance, and CAM expenses to the operating tenants.
The property is positioned adjacent to a Publix-anchored shopping center, designed to benefit from consistent daily traffic generated by a necessity-based retail draw. The offering is described as a small shop environment within a suburban retail node.
In addition to the current retail footprint, the property sits on an oversized parcel that provides long-term flexibility for potential site reconfiguration, pad development, or circulation improvements, subject to municipal approvals.
The property is positioned adjacent to a Publix-anchored shopping center, designed to benefit from consistent daily traffic generated by a necessity-based retail draw. The offering is described as a small shop environment within a suburban retail node.
In addition to the current retail footprint, the property sits on an oversized parcel that provides long-term flexibility for potential site reconfiguration, pad development, or circulation improvements, subject to municipal approvals.
Key Highlights
- Weighted average lease term (WALT) of approx. 0.2 years, with most leases set to turn within the next year
- In‑place rents average approx. $15.82 PSF, with mark‑to‑market upside supported by higher comparable asking rents
- Publix‑adjacent location at Stone Brook Plaza with built‑in daily traffic and necessity‑based shopping demand
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Stonebrook Plaza — Woodbine Rd, Pace, FL 32571
FAQs
What type of property is this?
Shopping center - Stone Brook Plaza is a Publix-adjacent neighborhood retail property with all tenants under triple-net lease structures.
Where is this shopping center located?
The property is located at 5624-5646 Woodbine Rd Pace, FL.
What is the asking price?
The asking price for this property is $5,240,000.
What are key features of this property?
This property features: Weighted average lease term (WALT) of approx. 0.2 years, with most leases set to turn within the next year; In‑place rents average approx. $15.82 PSF, with mark‑to‑market upside supported by higher comparable asking rents; Publix‑adjacent location at Stone Brook Plaza with built‑in daily traffic and necessity‑based shopping demand
