Active

$1,188,888

Features:
  • Bedrooms
  • 0 Bathrooms
  • 1876 sq ft
Overview
  • ID: MFRO6331162
  • Bedrooms:
  • Bathrooms: 0
  • Size: 1876 sq ft
Property Details
Remarks
Exceptional Net-Leased Gas Station Investment | in Prime I-10 Corridor Tenant is a multi-unit operator with a strong Mobile/Citgo brand. High-Performing Local Operator: The tenant operates over 40 successful gas station and convenience store locations across Florida and Georgia. Known for outstanding operational standards, the group has a proven record of revenue growth, compliance, and customer satisfaction. Long-Term NNN Lease: 17 years remaining on a 20-year absolute triple-net lease with zero landlord responsibilities. Strong Passive Income: Current Net Operating Income (NOI) of $92,400 with $350 fixed annual increases, generating increasing cash flow over time. Fully Renovated Facility: Recent improvements include new fuel pumps, LED canopy lighting, modernized convenience store interior. Improvements: New fuel dispensers,upgraded HVAC, ADA-compliant restrooms, POS system, modern interior shelving and refrigeration units, exterior security cameras, and updated landscaping. Productive and Profitable Operation: High monthly sales volume for both fuel and retail convenience items. Popular with both locals and long-distance travelers. National Branding: Mobil-branded fuel station with Mobile supply chain support. Professional signage and fuel canopy provide strong curb appeal. High-Traffic Location: Located just off I-10 with daily traffic counts exceeding 15,000 vehicles. Prime positioning for both local and interstate service. Future Upside: Fixed annual rent increases provide a reliable hedge and increasing investor returns over time. Lease Type: Absolute Triple Net (NNN) Lease Term Remaining: 17 Years Annual Escalations: $350 fixed annual increase Current NOI: $92,400 Building Size: Approx. 1876 sq. ft. Lot Size: Approx. 1.00 acre Parking: 8–10 surface spaces Year Built: 1982 (Renovated) Zoning: Commercial LOCATION HIGHLIGHTS Regional Access: Located directly off I-10, one of Florida’s major east-west interstates, with seamless ingress/egress from Pat Thomas Parkway. Local Market: Quincy is the county seat of Gadsden County and forms part of the rapidly growing Tallahassee metropolitan statistical area. Nearby Tenants: CVS, Family Dollar, Pizza Hut, fast food chains, hospitality providers, and local retail. Traffic Count: Estimated 15,000+ vehicles a day; captures both local residents and transient highway traffic. Population Growth: The Quincy-Tallahassee corridor continues to attract residential development and logistics traffic. Essential Service: The station is a key fuel and retail stop for local commuters, long-haul drivers, and travelers on I-10. Strong daily foot traffic.
Financial Considerations
Price:
$1,188,888
HOA Fee:
N/A
Tax Amount:
$9275
Price per SqFt:
$633.74
Tax Legal Description:
927P1572OR923P1594
Exterior Features
Lot Size:
43560
Lot Features:
Corner Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 6 to 12
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
Ceramic Tile
Levels:
N/A
Additional Features
Property Sub Type:
Retail
Style:
N/A
Year Built:
1982
Construction Type:
Block, Brick
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    3749 PAT THOMAS PKWY
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