700 N Pace Blvd, Pensacola, FL 32505
Corporate Walgreens with a solid net worth and long-term lease.
- Added:
- Oct 17, 2024
- Days on Market:
- 630
- Last Refresh:
- Jul 2 at 7:38 am
Property Features for 700 N Pace Blvd
General Information
- Standard status
- Active
- Size
- 14,141 SF
- Lot size
- 1.95 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing office GAIA Real Estate Investments
Listing date Oct 17, 2024
Source Crexi
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 GAIA Real Estate Investments
HighLights
- Corporate Walgreens tenant with a net worth of $139.1 billion provides investment security.
- 6.5% Cap Rate and $255,000 Net Operating Income (NOI).
- NNN lease type offers a hassle‑free, passive investment.
- Just under 4 years remaining on the original 24‑year lease with ten 5‑year options for long‑term stability.
- 14,141 SF building on 1.95 acres with 72 parking spaces.
- 10‑day Right of First Refusal (ROFR) option.
Overview
Current Use by Public Records
Similar Places Nearby
- Escambia Community Clinic — 2315 W Jackson St, Pensacola, FL 32505
- James L. Wheat, PharmD — 700 N Pace Blvd, Pensacola, FL 32505
- Jeffery A. Rowland, RPH — 700 N Pace Blvd, Pensacola, FL 32505
- Community Health Northwest Florida Pharmacy at West Jackson Street — 2315 W Jackson St, Pensacola, FL 32505
- Nasya M. McSwain, PharmD — 700 N Pace Blvd, Pensacola, FL 32505
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2427512
- Latitude
- 30.4031222
