4612 US-90, Pace, FL 32571

This multi-tenant development is located on a 2.23 acre site at the lighted corner of Highway 90 and East Spencer Field Road in the retail epicenter of Pace, Florida, one of the state's most rapidly growing communities. Hancock Bank and Jimmy John's Gourmet Sandwiches occupy the existing building on the property. The site has 225 feet of frontage on Highway 90 with over 33,500 vehicles per day passing the site. The property Also has 135 feet of frontage and direct access to East Spencer Field Road, which is a north-south corridor with 10,500 vehicles per day connecting the primary residential areas to the commercial and retail core of Highway 90. This section of Highway 90 is the primary shopping, dining, entertainment, and banking area of the community. Other businesses within a half a mile of the site include Target, Publix, Home Depot, Lowe's, TJ Maxx, PetSmart, Office Depot, Dollar Tree, Rent-A-Center, Ridge Cinema, Aspen Dental, GNC, Anytime Fitness, Regions Bank, Synovus Bank, Navy Federal Credit Union, Member's First Credit Union, GameStop, Mattress Firm, Advance Auto, Autozone, Winn Dixie, Hardee's, Pen Air Credit Union, Subway, Pizza Hut, Firehouse Subs, UPS Store, Batteries Plus, Murphy Express, Chili's, Baskin-Robbins, Village Inn, Papa Murphy's, Sweet Frog, Ruby Tuesday, Ryan's Buffet, Whataburger, Chick-Fil-A, Shane's Rib Shack, Waffle House, and Guthrie's. New developments in the immediate area include McDonald's, Starbucks, Kay Jeweler's, Panera Bread, Moe's, Santino's, Verizon, Five Guys, Panda Express, Jersey Mike's, Dick's Sporting Goods, and Ulta. Phase I of the project included a complete interior and exterior renovation to the existing building for Hancock Bank and Jimmy John's, ingress/egress improvements on both Highway 90 and East Spencer Field Road, storm water retention expansion, re-striping and re-sealing of the parking lot, all new landscaping, and a new pylon sign. The pad site has all infrastructure in place and is ready to build up to up to an additional 5,400 SF of retail/restaurant space with the ability for a drive-through on the east end-cap. Final lease rates for a build-to-suit are negotiable depending on build-out requirements, lease terms, and tenant's credit. The pad is also available for sale for $849,000 or ground lease for $79,000/year.