3749 PAT THOMAS Pkwy new Save Request In-Person Tour Request Virtual Tour
Quincy,FL 32351
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
Year Built 1982
Annual Tax Amount $9,275
Lot Size 1.000 Acres
Property Sub-Type Retail
Property Description
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.
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
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction false
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6331162