Safelite AutoGlass For Sale

Industrial for Sale
Catylist Listing ID: 30872881
Property Subtypes: Free-Standing, Net Leased, Warehouse/Distribution
Building Status: Under Construction
Building Size (RSF): 7,020 SF
Gross Building Area: See Agent
Sale Price: $4,395,796
Unit Price: $626.18 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2024

Overview / Comments

This location is a newly constructed, free-standing, single-tenant building built in 2024 with a 20-year roof warranty. Safelite AutoGlass is the tenant, providing a corporate guarantee. The building spans approximately 7,020 square feet, includes five garage bays, and is situated on a corner parcel at a signalized intersection. It is located near the heart of the retail trade area and offers direct access to W 15th Street, also known as Highway 98, with a traffic volume of 39,600 AADT.

Current Tenants

Tenant Business Name Safelite AutoGlass
Is Renting? Yes
Annual Revenue $241,769 (Annual)
SF of Space Occupied 7,020 SF
Lease Expiration 5/0031
Escalations 8% every five years
Options Two five year options to extend

Additional Details

Nearest MSA: Panama City
County: Bay
Tax ID/APN: 29639-000-000
Zoning: GC
Property Located Between: 15th and Frankford Ave
Airports: Pensacola International Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,020 SF
Property Condition: Excellent
Year Built: 2024
Year Renovated: 2024
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,612 35,560 82,510
Median Age: 38.59 42.43 39.76
Households: 3,705 15,476 34,508

Contact

Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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