3109 Pace Blvd | Pensacola, FL 32505
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3109 Pace Blvd
Pensacola, FL 32505
Circle K · Retail Property For Sale
Investment Highlights
- 6+ Years Remaining on the First of Two (2) Option Periods With 5% Rental Increases Every 5 Years
- Absolute Triple Net (NNN) Lease Providing For No Landlord Responsibility
- Corporate Lease Guarantee From Circle K Stores, Inc.
- Long-Term Operating History; Tenant Has Been at This Site For Over 37 Years, Showing Commitment to the Site
- Alimentation Couche-Tard, the Parent Company of Circle K Stores, Inc., Operates More Than 14,100 Convenience Store Across 26 Countries Worldwide
- Investment Grade Credit: S&P "BBB" Bond Rating
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the Fee Simple Interest (Land and Building Ownership), Absolute Triple Net (NNN), Corporate Guaranteed Circle K Located at 3109 Pace Boulevard in Pensacola, FL. Circle K Has Occupied the Site For Over 37 Years and Has Exercised Their First of Two (2) Options to Extend the Lease For 10 Years With 5% Increases Every Five (5) Years. The Property Consists of a 2,903 SF Convenience Store on an Estimated 0.64 Acre Parcel of Land. This Offering Presents the Opportunity to Acquire a Well Located C&G Asset, Backed By Investment Grade Credit, With Zero Landlord responsibility and a Growing NOI, Providing For a Hedge Against Inflation.
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,903 SF
Building Class
C
Year Built
1985
Price
$1,871,077 CAD
Price Per SF
$645 CAD
Cap Rate
5%
NOI
$93,554 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.64 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
12 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 17-2S-30-1401-061-002 | Improvements Assessment | $419,768 CAD |
| Land Assessment | $442,904 CAD | Total Assessment | $862,672 CAD |
PROPERTY TAXES
Parcel Number
17-2S-30-1401-061-002
Land Assessment
$442,904 CAD
Improvements Assessment
$419,768 CAD
Total Assessment
$862,672 CAD
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