Join Hancock Bank - Space Available - Booming Pace, FL Retail

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 29966774
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Status: Proposed
Contiguous Space: 5,400 - 6,661 SF
Total Available: 5,400 SF
Building Size (RSF): 8,861 SF
Gross Land Area: 2.23 Acres
Lease Rate: $30 PSF (Annual)
Base Monthly Rent: $13,500 - 16,652
Lease Types: NNN
Building Name: Join Hancock Bank - Space Available - Booming Pace, FL Retail
Last Updated: 6/5/2018

Overview / Comments

This 8,861 SF +/- multi-tenant development is located on a 2.23 acre site at the lighted corner of Highway 90 and East Spencer Field Road in the retail epicenter of Pace, Florida, one of the state's most rapidly growing communities. Hancock Bank now occupies the 2,200 SF on the west end cap of the existing building. Spaces available range from 1,000-6,661 SF.

The site has 225 feet of frontage on Highway 90 with over 33,500 vehicles per day passing the site. The property also has 135 feet of frontage and direct access to East Spencer Field Road, which is a north-south corridor with 10,500 vehicles per day connecting the primary residential areas to the commercial and retail core of Highway 90.

This section of Highway 90 is the primary shopping, dining, entertainment, and banking area of the community. Other businesses within a half a mile of the site include Target, Publix, Home Depot, Lowe's, TJ Maxx, PetSmart, Office Depot, Dollar Tree, Rent-A-Center, Ridge Cinema, Aspen Dental, GNC, Anytime Fitness, Regions Bank, Synovus Bank, Navy Federal Credit Union, Member's First Credit Union, GameStop, Mattress Firm, Advance Auto, Autozone, Winn Dixie, Hardee's, Pen Air Credit Union, Subway, Pizza Hut, Firehouse Subs, UPS Store, Batteries Plus, Murphy Express, Chili's, Baskin-Robbins, Village Inn, Papa Murphy's, Sweet Frog, Ruby Tuesday, Ryan's Buffet, Whataburger, Chick-Fil-A, Shane's Rib Shack, Waffle House, and Guthrie's. New developments in the immediate area include McDonald's, Starbucks, Kay Jeweler's, Panera Bread, Moe's, Santino's, Verizon, Five Guys, Panda Express, Jersey Mike's, Dick's Sporting Goods, and Ulta.

Phase I of the project was completed in 4Q 2017 and a complete interior and exterior renovation to the existing 3,900 SF building, ingress/egress improvements on both Highway 90 and East Spencer Field Road, storm water retention expansion, re-striping and re-sealing of the parking lot, all new landscaping, and a new pylon sign. There is a 1,261 SF space available immediately as part of Phase I that can be built out to suit a tenant's needs. In addition Phase II of the project will include an addition of up to 5,400 SF of retail/restaurant space with the ability for a drive-through on the east end-cap.

Final lease rates are negotiable depending on build-out requirements, lease terms, and tenant's credit.

Phase I of the recently completed property renovations includes one 1,261 SF existing space available for lease

Phase II of the project will include up to 5,400 SF of retail/restaurant space with the ability for a drive-through on the east end-cap

Hancock Bank occupies 2,200 SF on the west end-cap

Located in retail epicenter of one of Florida's fastest-growing communities

Over 44,000 vehicles per day on a lighted corner of two major corridors

Great ingress/egress plus abundant parking with current site plan showing 97 spaces (11 per 1,000 SF)

Lease rates are negotiable depending on build-out requirements

Attachments & Media

Expand All Available Space

Suite: Expansion Space 5,400 SF $30 PSF (Annual) NNN
Space Available: 5,400 SF
Max Contiguous: 6,661 SF
Lease Rate: $30 PSF (Annual)
$13,500 - 16,652 (Monthly)
Lease Type: NNN
Date Available: 5/31/2017
Lease Term: 120 Months
Space Type: New
CAM Expenses $6.75 PSF (Annual)

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Santa Rosa
Tax ID/APN: 11-1N-29-0000-03000-0000
Road Type: Highway
Largest Nearby Street: Highway 90 & East Spencer Field Road
Feet of Frontage: 225
Area Description: This section of Highway 90 is the primary shopping, dining, entertainment, and banking area of the community. Other businesses within a half a mile of the site include Target, Publix, Home Depot, Lowe's, TJ Maxx, PetSmart, Office Depot, Dollar Tree, Rent-A-Center, Ridge Cinema, Aspen Dental, GNC, Anytime Fitness, Regions Bank, Synovus Bank, Navy Federal Credit Union, Member's First Credit Union, GameStop, Mattress Firm, Advance Auto, Autozone, Winn Dixie, Hardee's, Pen Air Credit Union, Subway, Pizza Hut, Firehouse Subs, UPS Store, Batteries Plus, Murphy Express, Chili's, Baskin-Robbins, Village Inn, Papa Murphy's, Sweet Frog, Ruby Tuesday, Ryan's Buffet, Whataburger, Chick-Fil-A, Shane's Rib Shack, Waffle House, and Guthrie's. New developments in the immediate area include McDonald's, Starbucks, Kay Jeweler's, Panera Bread, Moe's, Santino's, Verizon, Five Guys, Panda Express, Jersey Mike's, Dick's Sporting Goods, and Ulta.
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 2017
Total Parking Spaces: 97
Parking Ratio: 11 (per 1000 SF)
Parking Type: Surface
Parking Description: Recently re-striped and re-sealed
Lot Frontage: 225
Lot Depth: 335

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,738 26,602 59,255
Median Age: 37.85 38.05 38.03
Households: 663 9,998 22,017

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