For Sale
$6,372,000

5321 Us-90Milton, FL 32571

High-growth auto shop, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a newly constructed, 14,600-square-foot Caliber Collision auto shop located at 5321 US-90, Pace, FL 32571. The property sits on a 2.34-acre lot and boasts a 15-year absolute NNN lease (commencing July 15, 2024, and expiring July 31, 2039) with a corporate guarantee from Caliber Collision, the largest collision repair company in the U.S. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The property's strategic location along a major traffic artery (US-90) provides exceptional visibility and accessibility, with daily traffic exceeding 33,000 vehicles. Its proximity to major retailers like Walmart, Lowe's, Home Depot, Target, and Publix further enhances its appeal. The site also benefits from its location near Naval Air Station Pensacola and Eglin Air Force Base, providing access to a large and affluent population base with an average household income exceeding $100,000 within a five-mile radius. Built in 2024 to the latest Caliber Collision prototype, this property offers a compelling investment with a 5.85% cap rate and a net operating income (NOI) of $372,780. The asking price is $6,372,000. This is a 1031 exchange eligible property.

Highlights

  • High-traffic location on US-90 in Pace, FL, with daily exposure to over 33,000 vehicles and proximity to Avalon Boulevard's 22,000 vehicles.
  • Strong co-tenancy with national retailers including Walmart, Lowe's, Home Depot, Target, and Publix, ensuring high visibility.
  • Strategic location between Naval Air Station Pensacola and Eglin Air Force Base, providing access to a combined 43,000+ military personnel.
  • Serves a densely populated, affluent trade area with average household incomes exceeding $100,000 within a five-mile radius (approx. 70,000 residents).
  • Surrounded by key community destinations including University of West Florida, Pace High School, Pace Crossroads Shopping Center, and the Alamo retired Naval Base.
  • Close proximity (four miles) to Downtown Milton, FL, adding another 10,000+ residents to the potential customer base.

Property Details for 5321 Us-90

Property type
Retail properties, Retail space
Square Feet
14,600 SF
Year Built
2024
Lot Size (sq. ft)
101,930 SF

Location Insight

City
Milton
County
Santa Rosa
State
Florida
Latitude
30.602134
Longitude
-87.10212
5321 Us-90, Milton, Florida

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5321 Us-90
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