Pat Thomas Parkway, Quincy, FL 32351 For Sale

Exceptional Double 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 NN Lease: 10 years remaining on a 10-year absolute Double-net lease with zero landlord responsibilities.

Strong Passive Income: Current Net Operating Income (NOI) of $60,000 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.

PROPERTY OVERVIEW

Address: 3749 Pat Thomas Parkway, Quincy, FL 32351

Property Type: Net-Leased Gas Station & Convenience Store (C-Store)

Fuel Branding: Citgo / Mobile

Lease Type: Absolute Double Net (NN)

Lease Term Remaining: 10 Years

Annual Escalations: $350 fixed annual increase

Current NOI: $60,000

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 per 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.

Quincy Market Snapshot

Population & Demographics

City Population: ~7,970 residents as of the 2020 Census, with slow growth (~0.09% annually) and stable trends

Gadsden County: ~43,642 residents (2023), minor decline (–0.24% from 2022), median household income ~$46,047

Median Age: 34.4 years (City), 42 years (County) .

Ethnic Composition: Majority Black/African American (~61% city; ~54% county), with growing Hispanic segment (city ~17.8%)

Housing & Economic Context

Median Home Value: ~$197–232K, relatively stable year-over-year .

Housing Inventory: ~65 homes active listing in May 2025, a 14% increase from two months prior

Commute & Car Ownership: Average commute ~28–29 minutes; average 2 cars per household — indicating strong local driving patterns

Transportation & Traffic Flows

Situated just south of I‑10 (3 miles from city center), alongside SR‑267/Pat Thomas Pkwy — highly trafficked corridor serving both local commuters and long-haul travelers

Regional population draws from the Tallahassee MSA (~200K people), offering ride-through and commuter activity

Retail & Commercial Environment

Gadsden County offers diverse commerce with a blend of small-town retail, logistics, and agriculture-oriented businesses

Vacancy in retail is moderate; recently renovated retail spaces (e.g., Gadsden Square) indicate renewed investment interest.

Trends & Investment Climate

Economic Base: County has seen modest growth (approx. +1% annual), recovery from earlier declines .

Inflation/Revenue Pressure: Median income rising (~1% per year), supporting consumer spending in convenience channels