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2401 Creighton Rd
Pensacola, FL 32504
Circle K Ground Lease · Retail Property For Sale
Investment Highlights
- New 15-year absolute NNN ground lease to Circle K, one of the largest chains of company-owned convenience stores in the U.S
- Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment
- 113,144 residents live within five miles of the property, marking a steady increase since 2010
- 5% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience
- High average annual household income of $105,834 within a three-mile radius of the property
Executive Summary
Prime Retail Location: High-visibility and easily accessible location at the signalized four-way intersection of Creighton Road and Tippin Avenue, allowing for prime site visibility (combined 29K+ AADT). Circle K Backing: Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience. Ideal Demographic Base: The five-mile radius serves a populous region of 113,144, with an average annual household income of $105,834 within three miles. Cordova Mall: Two miles from Cordova Mall, the largest and most upscale shopping center in the Pensacola area, anchored by Belk, Dillard’s, Dick’s Sporting Goods, and Best Buy. Pensacola International Airport: Located immediately north of Pensacola International Airport, which welcomed a record-breaking 3 million+ passengers in 2024 and has experienced a 104% increase in both travelers and flights over the last decade. Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Circle K and Pensacola for steady concurrent growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,200 SF
Building Class
B
Year Built
2026
Price
$2,904,000
Price Per SF
$558.46
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.56 AC
Zoning
C-1
Parking
26 Spaces (5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 10-1S-29-3101-010-004 | Improvements Assessment | $0 |
| Land Assessment | $146,244 | Total Assessment | $146,244 |
Property Taxes
Parcel Number
10-1S-29-3101-010-004
Land Assessment
$146,244
Improvements Assessment
$0
Total Assessment
$146,244
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