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Dollar Tree 4510 Mobile Hwy 11,210 SF Retail Building Pensacola, FL 32506 $1,910,000 ($170.38/SF) 6.89% Cap Rate
Investment Highlights
- Strong Investment Opportunity
- Minimal Landlord Responsibilities
- Strategic Location In Retail Corridor
- Long-Term Net Lease
- Essential Retail Concept
Executive Summary
Situated on a 1.92-acre commercially zoned site in the Pensacola market, the property features an 11,210 SF single-tenant retail building occupied by Dollar Tree, a nationally recognized retailer operating under a NNN lease, providing investors with a passive income opportunity. The tenant is currently paying below-market rent, creating the potential for future NOI and value growth while benefiting from stable cash flow. Recent capital improvements include a complete resurfacing of the parking lot in 2024, reducing near-term maintenance requirements and enhancing the overall appearance of the asset. Positioned along a highly visible commercial corridor with traffic counts of 36,500 vehicles per day, the property benefits from outstanding visibility and strong consumer exposure. Combining a nationally recognized tenant, below-market in-place rent, proven operating history, and favorable lease terms, this asset presents a compelling opportunity for investors seeking dependable cash flow with embedded long-term upside.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,210 SF
Building Class
B
Year Built/Renovated
1997/2010
Price
$1,910,000
Price Per SF
$170.38
Cap Rate
6.89%
NOI
$131,625
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.92 AC
Zoning
Commercial
Parking
61 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
209’ on Mobile Hwy
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
Dollar Tree began in 1986 as Only $1.00, building on a Norfolk variety-store heritage that later helped shape the business. The company focuses on discount variety retail, selling consumable, seasonal, and general merchandise such as housewares, food, health and beauty products, toys, party supplies, stationery, and crafts. After the Family Dollar sale, Dollar Tree operates as a focused North American value retailer with a large store network, a national logistics system, and an expanding multi-price assortment and online ordering options.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-2S-30-5501-000-000 | Improvements Assessment | $737,100 |
| Land Assessment | $344,014 | Total Assessment | $1,081,114 |
Property Taxes
Parcel Number
15-2S-30-5501-000-000
Land Assessment
$344,014
Improvements Assessment
$737,100
Total Assessment
$1,081,114
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Dollar Tree | 4510 Mobile Hwy