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5624-5646 Woodbine Rd
Pace, FL 32571
 Stone Brook Plaza · Retail Property For Sale

Retail Spaces Florida 5624-5646 Woodbine Rd, Pace, FL 32571

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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
$7,145,997 CAD
Price Per SF
$278.05 CAD
Cap Rate
5.65%
NOI
$403,769 CAD
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

Links

Property Taxes

Parcel Number 32-2N-29-0000-00601-0000 Improvements Assessment $2,086,564 CAD
Land Assessment $1,660,550 CAD Total Assessment $3,747,114 CAD

Property Taxes

Parcel Number
32-2N-29-0000-00601-0000
Land Assessment
$1,660,550 CAD
Improvements Assessment
$2,086,564 CAD
Total Assessment
$3,747,114 CAD

  • Listing ID: 39464058

  • Date on Market: 2026-02-17

  • Last Updated:

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

The Retail Property at 5624-5646 Woodbine Rd, Pace, FL 32571 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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