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5624-5646 Woodbine RdPace, FL 32571
Stone Brook Plaza
Asset ClassRetail
Investment Highlights
- All NNN Leases: All of the tenants operate under triple-net (NNN) lease structures, providing reimbursement of taxes, insurance, and CAM expenses. This reduces landlord expense exposure and enhances operating efficiency.
- Oversized Parcel with Long-Term Flexibility: The property sits on an oversized parcel relative to its current footprint, offering future optionality for site reconfiguration, pad development, or enhanced circulation, subject to municipal approvals.
- Strong Suburban Demographics with Continued Growth: Pace is a rapidly growing suburban community within the Pensacola MSA, supported by residential expansion and commuter demand. Average household incomes exceed $97,000 within a five-mile radius, reinforcing durable retail fundamentals.
- Attractive Basis Relative to Replacement Cost: The offering allows investors to acquire a well-located neighborhood retail asset at a basis below replacement cost while executing an active management strategy to drive future income growth
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5624-5646 Woodbine RdPace, FL 32571
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