700 Pace Blvd Pensacola, FL 32505

This exceptional investment opportunity presents a fee-simple ownership of a 14,141 square foot Walgreens located at 700 N Pace Blvd, Pensacola, Florida 32505. The property sits on a 1.95-acre lot and includes 72 parking spaces. Built in 2003, this single-story building is currently operating under a Net Lease agreement with Walgreens, a credit-rated, publicly traded corporation (NYSE: WBA). The absolute NNN lease commenced September 1, 2004, and has a remaining term of approximately 3.8 years, with ten five-year renewal options. The current lease provides a substantial annual Net Operating Income (NOI) of $255,000, resulting in a compelling 6.50% capitalization rate. The asking price is $3,923,076, translating to a price per square foot of $277.43. The property features a concrete slab foundation, wood framing, painted stucco exterior, asphalt parking, and a flat roof. This is a rare opportunity to acquire a stable, high-performing retail asset with a long-term tenant and significant upside potential. The property's strong location in Escambia County, Florida, ensures consistent traffic and customer flow. This investment offers exceptional long-term value and security.