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1035 W Michigan Ave
Pensacola, FL 32505
Dollar General Market · Retail Property For Sale
Investment Highlights
- Newly constructed in 2023 with a modern design and premium amenities, offering a contemporary retail environment
- Absolute Triple Net (NNN) lease structure with zero Landlord responsibilities
- Prime location in the heart of the vibrant Pensacola area, attracting high foot traffic
- Ranked 94th percentile for Dollar General Market stores Nationwide and 91st percentile Statewide per Placer.ai
Executive Summary
Exclusive Realty is pleased to present a NNN Dollar General Market located on West Michigan Avenue in Pensacola, Florida, offering a stable, income producing investment with a nationally recognized tenant. This property operates under a long-term absolute triple net lease, providing investors with reliable cash flow and zero landlord responsibilities. Pensacola is a thriving Gulf Coast city with a growing residential base, strong tourism, and a diverse economy. The store’s location along West Michigan Avenue provides excellent
visibility, accessibility, and consistent traffic from local residents and surrounding neighborhoods.
visibility, accessibility, and consistent traffic from local residents and surrounding neighborhoods.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
12,480 SF
Building Class
B
Year Built
2023
Price
$2,029,333
Price Per SF
$162.61
Cap Rate
5.85%
NOI
$118,716
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.07 AC
Zoning
Commercial - Commercial
Parking
36 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 52-1S-30-1001-000-001 | Improvements Assessment | $752,478 |
| Land Assessment | $197,505 | Total Assessment | $949,983 |
Property Taxes
Parcel Number
52-1S-30-1001-000-001
Land Assessment
$197,505
Improvements Assessment
$752,478
Total Assessment
$949,983
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