5321 Us-90Milton, FL 32571

Property Details for 5321 Us-90

Year built

2024

Lot size

2.34 AC

Property size (Sq ft)

14,600 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Milton

County

Santa Rosa

State

Florida

Latitude

30.6021

Longitude

-87.1021

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