4475 Woodbine Road, Milton, FL
Shopping Center for Sale - $995,000 - 16,034 Sq. Ft. on 1.51 acres
Property Info
| CIMLS# | 918737 |
| Location 4475 Woodbine Road Milton FL 32571 | |
| Updated | December 17th, 2016 |
| Type | Shopping Center |
| Price | $995,000 |
| Building | 16,034 Sq. Ft. |
| Land | 1.51 acres |
Property Description
Value Add Retail Center available! This retail strip center is anchored by We Tuck Em In Pet Hotel, a dog grooming and spa business. Hungry Howie's Pizza is the other tenant on an end cap. The other end cap is available for lease and would provide an increase in the center's value once leased.
This center has tremendous visibility along Woodbine Road in Pace, FL. As the high income suburb of Pensacola, this market is booming with lots of new residential and retail development taking place.
The long term anchor tenant has grown and expanded multiple times within the center. A new roof is currently being installed and should be completed in April, 2016.
Location Description:
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Highlights:
>> Value Add Retail Strip Center
>> 10.5% Cap Rate
>> 85% Occupied
>> Lease terms provide for rent growth
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Financials
Sales Info:
>> Commision split: 2.5%