4612 Highway 90

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 SF
Building Size (RSF): 8,861 SF
Gross Land Area: 2.23 Acres
Lease Rate: $30 PSF (Annual)
Base Monthly Rent: $13,500
Lease Types: NNN
Building Name: Pad Site Available - Ground Lease or Build-To-Suit
Last Updated: 9/24/2018

Overview / Comments

Phase I of the recently completed property redevelopment for Hancock Bank & Jimmy John's Gourmet Sandwiches includes master storm water retention, parking lot resurfacing/restriping, curbing, turn lanes, irrigation, landscaping, etc.

Pad site ready to build up to 5,400 SF of retail/restaurant space with the ability for a drive-through on the east end-cap with

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)

Build-to-suit rates are negotiable depending on build-out requirements

Pad available for sale for $849,000 or ground lease for $79,000/year

This 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 and Jimmy John's Gourmet Sandwiches occupy the existing building on the property.

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 included a complete interior and exterior renovation to the existing building for Hancock Bank and Jimmy John's, 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. The pad site has all infrastructure in place and is ready to build up to up to an additional 5,400 SF of retail/restaurant space with the ability for a drive-through on the east end-cap.

Final lease rates for a build-to-suit are negotiable depending on build-out requirements, lease terms, and tenant's credit. The pad is also available for sale for $849,000 or ground lease for $79,000/year.

Attachments & Media

Expand All Available Space

Suite: Expansion Space 5,400 SF $30 PSF (Annual) NNN
Space Available: 5,400 SF
Lease Rate: $30 PSF (Annual)
$13,500 (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

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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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