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Stone Brook Plaza 5624-5646 Woodbine Rd 25,700 SF 89% Leased Retail Building Pace, FL 32571 $5,240,000 ($203.89/SF) 5.65% Cap Rate

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Investment Highlights

  • The asset is currently 89.9% occupied with one vacant ±2,600 SF suite, offering immediate upside through lease-up and rent optimization.
  • In-place rents average approximately $13.30 PSF, while comparable neighborhood retail in the Pensacola–Pace market area supports higher asking rents.
  • The majority of tenants operate under triple-net (NNN) lease structures, providing reimbursement of taxes, insurance, and CAM expenses.
  • This structure allows for repositioning, tenant upgrades, and re-tenanting at current market rates rather than being locked into legacy leases.
  • Stone Brook Plaza is strategically positioned adjacent to a Publix-anchored shopping center, benefiting from consistent daily traffic.
  • Pace is a rapidly growing suburban community within the Pensacola MSA, supported by residential expansion and commuter demand.

Executive Summary

Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
25,700 SF
Building Class
C
Year Built
2002
Price
$5,240,000
Price Per SF
$203.89
Cap Rate
5.65%
NOI
$296,075
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
4.78 AC
Zoning
HCD - Heavy commercial
Parking
75 Spaces (2.9 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • -
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Allstate Insurance operates through a nationwide network of exclusive agents that provide insurance products backed by The Allstate Corporation. The Celebration, Florida office is operated by an independent Allstate agent and serves individuals and small businesses seeking personal and commercial insurance coverage. The agency offers insurance products that include auto, homeowners, renters, condominium, life, and small-business policies. The Allstate Corporation was founded in 1931 and is a publicly traded insurance company listed on the New York Stock Exchange (NYSE: ALL). Headquartered in Northbrook, Illinois, Allstate is one of the largest personal-lines insurance providers in the United States. Its business model combines corporate underwriting and brand oversight with locally operated agency offices that manage customer relationships and policy sales. The Celebration office functions as a customer-facing retail insurance location and operates within professional office space. The agency is locally managed while adhering to Allstate’s national operating standards, compliance requirements, and technological platforms. Allstate Insurance remains publicly held and continues to expand its distribution through exclusive agencies across the United States.

  • Accommodation and Food Services
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Pace based Chinese restaurant with one location.

  • Services
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Pace based nail salon with one location.

  • Fifth Element Massage & Wellness
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  • Educational Services
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Five Star Dance Centre is Santa Rosa County’s premiere dance studio offering a comprehensive program of Ballet, Pointe, Lyrical, Contemporary, Tap, Jazz, Hip Hop, Pre-K, Creative Movement, Yoga for Kids, Barre, Stretch and Conditioning as well as Private Lessons. Our spacious studio provides a professional, creative atmosphere where dancers train in a positive learning environment. Our main focus is to provide every student the same level of training regardless of age or experience. At Five Star Dance Centre, students have the opportunity to experience different creative outlets in order to discover where their talents lie. Our professional staff will help guide you through the many artistic outlets in hopes of fitting you to the appropriate creative medium. Five Star Dance Center takes great pride in matching their students with their dance passion. Whether you’re dancing for fun, health, or training for a professional career.

  • Fusion Fine Wine And Spirits
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  • Arts, Entertainment, and Recreation
  • -
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  • Triple Net
  • Sep 2018

Whether you’re new to fitness or an experienced pro, our trainers and staff at In-Line Fitness look forward to encouraging you to reach your goals. In-Line Fitness welcomes our members to an experience unlike that of a large and intimidating gym. Turn to us to be your support team cheering you on at the finish line. Call on us to help you keep your eyes on the ultimate prize. We’ll be your #1 fan because we love guiding our members on their personal journey to better health. Our convenient 24/7 access and our clean, safe and friendly atmosphere. Also available are Personal Training and group classes including Yoga, Spin, HIIT, P90xLive, BoxMania, PiYo and many more.

  • J & D Cleaners and Alterations
  • Services
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  • Full Service
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Santa Rosa based cleaners with two locations.

  • Accommodation and Food Services
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Subway is a privately held American quick-service restaurant brand founded in 1965 by Fred DeLuca and Peter Buck in Bridgeport, Connecticut. The company began as Pete’s Super Submarines before adopting the Subway name in 1968 and later expanding through franchising in the 1970s. Its global headquarters operations now include a dual-headquarters structure, with Connecticut serving as the central location for key business functions. The organization relocated its Connecticut headquarters to Shelton, establishing its presence at 1 Corporate Drive as part of a strategic workplace modernization effort. Subway has grown into a major global restaurant brand operating tens of thousands of franchised locations worldwide. The company is owned by Roark Capital Group following its acquisition, and its franchise-based model continues to define its business structure. Over the decades, Subway has emphasized menu evolution and operational adaptation, reflecting changing industry conditions and consumer preferences. The brand remains focused on systemwide consistency and support for its network of franchise operators.

  • Services
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Modern mens cuts

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Finance and Insurance - - - -
Accommodation and Food Services - - - -
Services - - - -
Fifth Element Massage & Wellness - - - - -
Educational Services - - - -
Fusion Fine Wine And Spirits - - - - -
Arts, Entertainment, and Recreation - - Triple Net Sep 2018
J & D Cleaners and Alterations Services - - Full Service -
Accommodation and Food Services - - - -
Services - - - -

Nearby Major Retailers

Scooter's Coffee
Starbucks
Tom Thumb
Publix

Property Taxes

Property Taxes

Parcel Number
32-2N-29-0000-00601-0000
Land Assessment
$1,217,778
Improvements Assessment
$1,530,199
Total Assessment
$2,747,977
  • Listing ID: 39464058

  • Date on Market: 2/17/2026

  • Last Updated:

  • Address: 5624-5646 Woodbine Rd, Pace, FL 32571

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