3749 PAT THOMAS Pkwy Quincy, FL 32351
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,876 sqft
Price per Sqft $703
MLS Listing ID O6331162
Construction Status Completed
HOA Y/N No
Year Built 1982
Annual Tax Amount $9,275
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Retail
Source Stellar MLS
Property Description
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.
Location
State FL
County Suwannee
Area 32351 - Quincy
Zoning COMMERCIAL
Interior
Cooling Central Air
Flooring Ceramic Tile
Exterior
Parking Features Parking Spaces - 6 to 12
Community Features Expressway
Roof Type Shingle
Building
Lot Description Corner Lot
Story 1
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction false
Construction Status Completed
Others
Pets Allowed No
Ownership Other
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6331162
