Log In/Sign Up
Your email has been sent.
VACANT INVESTMENT OPPORTUNITY – CORPORATE NNN 4537 HIGHWAY 90 7,305 SF Retail Building Pace, FL 32571 $2,233,472 CAD ($305.75 CAD/SF) 7.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Highway Frontage & Visibility – Positioned directly on U.S. Highway 90 with full access and exposure to over 37,500 vehicles per day.
- Vacant/Dark Investment Sale – Advance Auto Parts has vacated the premises, yet continues to pay rent under a recently extended lease, creating strong
- NNN Lease Structure – ±/- 5 years remaining on a triple-net lease with zero landlord responsibilities and over $600,000 is rent still due.
- A Strong Corridor Features Several Adjacent National Credit Tenants, including Publix, Target, Walmart, Chick-fil-A, Starbucks, and Lowe’s.
- NNN Lease Structure – ±/- 5 years remaining on a triple-net lease with zero landlord responsibilities and over $600,000 is rent still due.
- Part of the thriving Pace/Milton trade area, one of the fastest-growing corridors in Northwest Florida, driven by strong residential growth and retail
EXECUTIVE SUMMARY
Stirling Properties is pleased to list this strategically positioned retail investment sale along the highest-traffic corridors in Pace, Florida.
The investment opportunity is a dark/vacant retail property currently leased by a national tenant. The 6,777 SF building, originally constructed in 2004 as a build-to-suit, remains under a corporate-guaranteed NNN lease. Despite the tenant ceasing operations at this location, the lease remains active, offering investors continued rental income with potential for future redevelopment or repositioning. Pace is experiencing significant commercial growth, enhancing the property's long-term value.
The investment opportunity is a dark/vacant retail property currently leased by a national tenant. The 6,777 SF building, originally constructed in 2004 as a build-to-suit, remains under a corporate-guaranteed NNN lease. Despite the tenant ceasing operations at this location, the lease remains active, offering investors continued rental income with potential for future redevelopment or repositioning. Pace is experiencing significant commercial growth, enhancing the property's long-term value.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,305 SF
Building Class
B
Year Built
2005
Price
$2,233,472 CAD
Price Per SF
$305.75 CAD
Cap Rate
7.53%
NOI
$168,180 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.03 AC
Zoning
HCD - Heavy commercial
Parking
34 Spaces (5.02 Spaces per 1,000 SF Leased)
Frontage
159’ on Us-90
AMENITIES
- Pylon Sign
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 4537 US-90
- 7,305 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 4537 US-90 | 7,305 SF | Retail | In-Line | Now |
4537 US-90
| Size |
| 7,305 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-1N-29-0000-00408-0000 | Improvements Assessment | $962,643 CAD |
| Land Assessment | $544,551 CAD | Total Assessment | $1,507,195 CAD |
PROPERTY TAXES
Parcel Number
15-1N-29-0000-00408-0000
Land Assessment
$544,551 CAD
Improvements Assessment
$962,643 CAD
Total Assessment
$1,507,195 CAD
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
VACANT INVESTMENT OPPORTUNITY – CORPORATE NNN | 4537 HIGHWAY 90
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.