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5624-5646 Woodbine Rd 25,700 SF 100% Leased Retail Building Pace, FL 32571 $5,240,000 ($203.89/SF) 6.03% Cap Rate
Investment Highlights
- (Value-Add) Majority of Leases Turning Within the Next Year: The property features an exceptionally short weighted average lease term (WALT)
- Publix-Adjacent Location with Built-In Traffic Drivers: Stone Brook Plaza is strategically positioned adjacent to a Publix-anchored shopping center
- Oversized Parcel with Long-Term Flexibility: The property sits on an oversized parcel relative to its current footprint
- Below-Market In-Place Rents with Mark-to-Market Upside: In-place rents average approximately $15 PSF
- All NNN Leases: All of the tenants operate under triple-net (NNN) lease structures, providing reimbursement of taxes, insurance, and CAM expenses
- Strong Suburban Demographics with Continued Growth: Pace is a rapidly growing suburban community within the Pensacola MSA
Executive Summary
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # CQ1066435, BK3554632 (FL)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Arts, Entertainment, and Recreation
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- -
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Arts, Entertainment, and Recreation | - | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-2N-29-0000-00601-0000 | Improvements Assessment | $1,530,199 |
| Land Assessment | $1,217,778 | Total Assessment | $2,747,977 |
Property Taxes
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5624-5646 Woodbine Rd
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