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2 S Blue Angel Pky 2,307 SF Retail Building Pensacola, FL 32506 $2,455,000 ($1,064.15/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 15-year absolute NNN ground lease with Southwest Georgia Oil (“SWGO”)
- SWGO corporate guarantee - 70+ unit operator (and growing) with extremely strong financials
- Hard signalized corner of Blue Angel Parkway and Highway 98 - daily traffic counts in excess of 41,000
- Four, five-year options - 10% increase year 11; 5% increase each option period
- SWGO has invested significant capital in upgrading/re-branding (Inland and SunStop Convenience) the convenience store and fuel system
- Adjacent to McDonald’s, Wawa, HCA Florida and brand new 70,000 square foot Publix anchored retail development
EXECUTIVE SUMMARY
2 S Blue Angel Parkway is an absolute net ground leased gas and convenience store ideally positioned in Pensacola, Florida. The property is situated at a signalized hard corner with tremendous traffic counts; surrounded by national retailers such as Publix, Winn-Dixie, McDonald’s, Wawa and more. The offering is a rare opportunity to acquire exceptional real estate located in an extremely high-barriers-to-entry market that is ground leased to a tremendous regional operator.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Service Station
Building Size
2,307 SF
Building Class
B
Year Built/Renovated
1989/2025
Price
$2,455,000
Price Per SF
$1,064.15
Cap Rate
5.50%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.55 AC
Zoning
HC/LI - Heavy Commercial and Light Industrial
Parking
7 Spaces (3.03 Spaces per 1,000 SF Leased)
Frontage
200’ on S Blue Angel Pky
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23-2S-31-1201-000-001 | Improvements Assessment | $241,553 |
| Land Assessment | $193,538 | Total Assessment | $435,091 |
PROPERTY TAXES
Parcel Number
23-2S-31-1201-000-001
Land Assessment
$193,538
Improvements Assessment
$241,553
Total Assessment
$435,091
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2 S Blue Angel Pky
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