4729-4755 US Hwy 90
Pace, FL 32571
Santinos & Moes | New 10 YR NNN | Outparcel · Retail Property For Sale

The subject property is ideally located along U.S. Highway 90 (31,500 VPD) at the entrance point to Santa Rosa Commons shopping center, a dominant regional shopping center with tremendous draw and cross-over synergy. The asset is positioned as an outparcel to Santa Rosa Commons, anchored by Target and Publix Supermarket, two of the most desirable anchor tenants in the country, and features other credit tenants including T.J.Maxx, PetSmart, Shoe Carnival, and a number of other single tenant outparcels including Panera Bread, Chili’s, Regions, and AT&T. This particular two-tenant pad offering is a rare exception, and the only one of its kind within the center that received permission from the shopping center ownership and Publix to construct a 2-tenant restaurant building within the Santa Rosa Commons center. All other outparcel locations are limited to single tenant usage. In addition, the property is in immediate proximity and on the same service access road to Home Depot, Ridge Movie Theater, and 24-hour Walmart Supercenter further increasing consumer traffic to the trade area. The trade area is experiencing high growth in both residential and commercial markets. Just adjacent to the property a new Dick’s Sporting Goods, Michael’s and ULTA opened in mid-March. Starbucks and Kay Jewelers will be opening Spring 2018, Zaxby’s and Panda Express opened at the start of the year. In addition, Pace Crossings, a new restaurant/retail development approximately 5,400 SF is under construction, further demonstrating the strong demand in the area. To accommodate the growth of the trade area and increased consumer traffic, U.S. Highway 90 is expanding from 4 lanes to 6 lanes. The 5-mile trade is supported by a population of nearly 53,000 with an average household income of nearly $71,000.