5 Points-Pace Corner 2.34 Ac-Former Circle K

Retail-Commercial for Sale
Catylist Listing ID: 30777168
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant
Building Size (RSF): 9,965 SF
Gross Land Area: 2.34 Acres
Sale Price: $2,500,000
Unit Price: $250.88 PSF
Ceiling: 12 ft.
Property Use Type: Investment
Building Name: Formerly Circle K (Built new store across the street)
Usable Size (USF): 9,965 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/30/2023

Overview / Comments

Former Circle K (they built a new store across the street).
(Restricted-no convenience store will be allowed)
This is the most prominent corner in the county!
The former store has 5,773 SF.

***Buyer must use Circle K's LOI & Contract***

Santino's Pizza Restaurant next door has 2,527 SF and is leased. Lease expires 2/25/2027 and has two 5 yr options to renew. (Rent thru 2/25/2022 $4,177.44 per mo./ 2/26/22-2/25/2027 $4,804.06 per mo./ 2/26/27-2/25/2032 $5,524.67

Blue Angel Ice's lease expires 10/14/24 (they are in the parking lot) $408 per mo.

The car wash next door (north side) is 0.46 Ac and 1,665 SF and is included in this sale.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Taxing Authority: Santa Rosa Co.
Tax ID/APN: 31-2N-29-0000-00103-0000
Zoning: HCD
Retail Clientele: General
Property Located Between: Woodbine @ Quintette @ Chumuckla @ Berryhill
Property Visibility: Excellent
Largest Nearby Street: Woodbine Rd
Feet of Frontage: 346
Traffic/Vehicle Count: 18,500
Highway Access: Fronts on Woodbine Rd & Quintette Rd
Airports: Pensacola
Site Description: Corner location-8,608 SF Bldg with paved parking and retention pond in place.
Area Description: Lots of retail fronting on Woodbine and Quintette and Berryhill with tons of roof tops.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,608 SF
Property Condition: Good
Year Built: 2001
Roof Type: Flat
Construction/Siding: Brick, Wood Frame
Exterior Description: Nice brick finish (see photos)
Total Parking Spaces: 73
Parking Ratio: 8.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved striped
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Typical former C-Store....open space / coolers etc.
Zoning Description: HCD-Highway Commercial District. Allows retail / Office uses.
Lot Frontage: 346 Woodbine / 190 Quintette Rd
Lot Depth: 197
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee simple
Legal Description: In File

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,635 18,215 34,427
Median Age: 44.53 39.99 39.12
Households: 991 6,603 12,749


Photograph of Listing Agent

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
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