2800 Creighton Rd, Pensacola, FL 32504
1,628 SF | Retail Building | Pensacola, FL 32504 | $783,245 ($481/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $783,245
- Property Type
-
Retail
- Square Feet
- 1,628 SF
- Price / Square Foot
- $481
Listing Contacts
Kincade Krauss
Verified Profile
Kevin McKenna
Verified Profile
- Property Info
Property Overview
The lease is guaranteed by TMX Finance LLC, a parent company to TitleMax that oversees 728 stores and employs over 3,300 people nationwide. They provide consumer loans and payday loans through its subsidiaries including TitleMax, TitleBucks, Equity Auto Loan, InstaLoan, and Community Choice Financial. Eastgate Plaza is a shopping mall located directly next to Walmart Supercenter that features tenants such as Winn Dixie, Guitar Center, and local mom and pops. Pensacola’s tourism industry had another record-setting year with more than 2.5 million visitors in 2023 and a $2.02 billion economic impact. This property is located 1.5 miles from Pensacola International Airport, which had a record-breaking 2.65 million passengers pass through its terminal gates in 2023.
Property Details
- Class
- C
- Year Built
- 1963
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 13,939 SF
Highlights
- This lease features zero landlord responsibilities, providing an ideal opportunity for passive investors.
- The property benefits from having 2.00% annual increases in rent, providing a strong hedge against inflation.
- Over 20 years remaining on the lease, ensuring a true hands-off investment.
- The property sits right on the corner of Creighton Rd and N 9th Avenue which sees over ±33,000 VPD.
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