700 N Pace Blvd Pensacola, FL 32505
Corporate Walgreens with a solid net worth and long-term lease.
Type:Retail
Property size:
14,141 SFLot size:
1.95 Acres- Added:
- Oct 17, 2024
- Days on Market:
- 549
- Last Refresh:
- Mar 17 at 1:13 pm
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 agent Erika Carlson License #CA 01789133
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
Overview
Pensacola Walgreens Investment Opportunity
Located at 700 N Pace Blvd in Pensacola, FL, this property presents a commercial real estate investment opportunity. The property is occupied by a corporate Walgreens, which has a reported net worth of $139.1 billion. The building has an area of 14,141 square feet and is situated on a 1.95-acre lot. There are 72 parking spaces available. The lease has just under 4 years remaining on the original 24-year term and includes ten 5-year options for renewal. The property operates under a NNN lease agreement. The Net Operating Income (NOI) is $255,000, with a cap rate of 6.5%. A 10-day Right of First Refusal (ROFR) option is included.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Nasya M. McSwain, ...
Pharmacy
Cardtronics ATM
Atm
FedEx OnSite
Postal Service
Bay Area Printing ...
Business To Business Service
James L. Wheat, ...
Pharmacy
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
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Corporate Walgreens with a solid net worth and long-term lease.
Where is this drug store located?
The property is located at 700 N Pace Blvd Pensacola, FL.
What is the asking price?
The asking price for this property is $3,642,857.
What are key features of this property?
This property features: 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.
