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$1,230,000 / 1876ft2 - Exceptional Net-Leased Gas Station Investment | Mobil in Prime I-10 Co (Quincy)
3749 Pat Thomas Parkway, Quincy, FL 32351, QUINCY, FL 32824
3749 Pat Thomas Parkway, Quincy, FL 32351
1876ft2
license info:
La Rosa Realty Lake Nona
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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.
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 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 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
Investment Highlights
🚀 INVESTMENT HIGHLIGHTS
Strong Location: Positioned at a key interchange with high daily traffic counts and visibility.
Corporate Guarantee: Tenant operates multiple branded sites, ensuring reliability.
Triple-Net Lease: Minimal landlord responsibility making it a hands-off income stream.
Built-In Growth: $350 annual rent increases provide inflation hedging and income growth.
Convenience Amenities: Offers proven tenant offerings—food, lottery, enhanced customer draw.
Long-Term Stability: 17 years of remaining lease term ensures predictable revenue.