Stone Brook Plaza

(Value-Add) Majority of Leases Turning Within the Next Year: The property features an exceptionally short weighted average lease term (WALT) of approximately 0.2 years, providing investors near-term control over the rent roll. This structure allows for repositioning, tenant upgrades, and re-tenanting at current market rates rather than being locked into legacy leases.
Below-Market In-Place Rents with Mark-to-Market Upside: In-place rents average approximately $15.82 PSF, while comparable neighborhood retail in the broader Pensacola–Pace market supports higher asking rents. This gap presents a clear path to NOI growth through renewals, re-leasing, and tenant turnover.
Publix-Adjacent Location with Built-In Traffic Drivers: Stone Brook Plaza is strategically positioned adjacent to a Publix-anchored shopping center, benefiting from consistent daily traffic and necessity-based consumer draw. This adjacency supports long-term tenant demand and enhances leasing velocity for small shop space.
All NNN Leases: All of tenants operate under triple-net (NNN) lease structures, providing reimbursement of taxes, insurance, and CAM expenses. This reduces landlord expense exposure and enhances operating efficiency.
Oversized Parcel with Long-Term Flexibility: The property sits on an oversized parcel relative to its current footprint, offering future optionality for site reconfiguration, pad development, or enhanced circulation, subject to municipal approvals.
Strong Suburban Demographics with Continued Growth: Pace is a rapidly growing suburban community within the Pensacola MSA, supported by residential expansion and commuter demand. Average household incomes exceed $97,000 within a five-mile radius, reinforcing durable retail fundamentals.
Attractive Basis Relative to Replacement Cost: The offering allows investors to acquire a well-located neighborhood retail asset at a basis below replacement cost while executing an active management strategy to drive future income growth.

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Kyle Matthews