Freestanding Retail
Retail-Commercial
for Lease
| Catylist Listing ID: |
30866519 |
| Property Subtypes: |
Free-Standing Building
|
| Contiguous Space: |
1,275 - 4,962 SF |
| Gross Building Area: |
4,962 SF |
| Gross Land Area: |
0.41 Acres
|
| Lease Rate: |
$22 PSF (Annual)
|
| Base Monthly Rent: |
$9,097 |
| Lease Types: |
NNN |
| In Opportunity Zone? |
Yes |
| Last Updated: |
4/28/2024 |
Overview / Comments
|
Freestanding Retail inside the City Limits of Milton located on a zerio lot line corner, with a dedicated turn lane & full median cut on US Hwy 90/Caroline St. New roof 2023, new windows and new doors 2024. Additional improvements to facade, awning and interior for 2024scheduled. Current structure is 4,962 SF with options to split into multiple units. Located 1 block from the Lighted Hard Corner that takes you to I-10. On-site parking with additonal parking options with adjoining lots and private/ public parking. US Hwy 90 AADT of 21,500. 5 Mile Radius Demographics include an Average House Hold Income of $66,931 & Total Population of 47,664.
|
| Space Available: |
4,962 SF |
| Minimum Divisible: |
1,275 SF |
| Lease Rate: |
$22 PSF (Annual)
$9,097 (Monthly)
|
| Lease Type: |
NNN |
| Date Available: |
9/1/2024 |
| Lease Term: |
36 Months |
| Space Type: |
Relet |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% Annually |
Additional Details
| Nearest MSA: |
Pensacola-Ferry Pass-Brent |
| County: |
Santa Rosa |
| Taxing Authority: |
MILTON |
| Tax ID/APN: |
03-1N-28-2530-05700-0090 |
| Zoning: |
RC-1 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Located Between: |
US Hwy 90/ Caroline St & MLK |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US Hwy 90/ Caroline St |
| Feet of Frontage: |
150 |
| Traffic/Vehicle Count: |
21,500 |
| Highway Access: |
I-10 is 3.5 Miles and 4.3 Miles to Hwy 87 |
| Airports: |
Pensacola International Airport, Naval Air Station Whiting Field, Peter Prince Air Field |
| Site Description: |
Freestanding Corner Building with designated left turn lane from east bound traffic and cut through from the site allowing for east or west egress from the property onto US Hwy 90. Located in the City of Milton's commercial retail corridor with on site parking, while being only a blocks away from the Blackwater River. |
| Area Description: |
Santa Rosa County is the 8th fastest gwoing population in the state of Floirda and the 4th highest median household income in the state of Florida. According the the Santa Rosa Economic Development Council the County will require the addition of 1,500 new homes each year to meet it's expected population growth of 1.9% annually. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
4,962 SF |
| Property Condition: |
Excellent |
| Year Built: |
1940 |
| Year Renovated: |
2024 |
| Roof Type: |
Flat |
| Parking Type: |
Surface |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Zoning Description: |
Residential Commercial Mixed-Use Zoning District |
| Lot Frontage: |
150 |
| Lot Depth: |
120 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
Lengthy in file. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,227 |
22,335 |
45,393 |
| Median Age: |
39.81 |
37.92 |
37.9 |
| Households: |
1,356 |
8,758 |
16,371 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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