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176 E Nine Mile Rd
Pensacola, FL 32534
Retail Property For Sale
Investment Highlights
- First Costco In Pensacola: A brand new 172,580-square foot Costco Wholesale is planned directly across the street from this property, further strength
- National Tenant Concentration: Positioned in close proximity to nearby national retailers such as Walmart, Home Depot, Lowes, & Publix.
- High Traffic Exposure: Located along Nine Mile Road with 38,000 VPD and immediate access to I-10, the fourth largest interstate in the US.
Executive Summary
STNL.com is pleased to present this single tenant Cookies Cannabis Dispensary located in the heart of the busy East 9-Mile road in Pensacola, FL. Three reasons to own this property include:
1. First Costco in Pensacola: A new 172,580-square-foot Costco Wholesale is planned directly across the street, expected to generate strong daily traffic, enhance overall retail synergy in the immediate area, and accelerate continued growth along the Nine Mile Road corridor.
2. High Traffic Exposure: Located along Nine Mile Road with approximately 38,000 VPD and immediate access to Interstate 10—the fourth longest interstate in the U.S., spanning from Florida to California—providing exceptional regional connectivity, strong visibility, and a steady flow of consumers drawn from both local and long-distance travel patterns.
3. National Tenant Concentration: Positioned within a well-established commercial node, the property benefits from a strong retail presence that draws a wide range of consumers and supports consistent spending activity throughout the area. This surrounding tenant base enhances overall market stability and contributes to long-term viability for nearby businesses, anchored by Walmart, The Home Depot, Lowe’s, and Publix.
1. First Costco in Pensacola: A new 172,580-square-foot Costco Wholesale is planned directly across the street, expected to generate strong daily traffic, enhance overall retail synergy in the immediate area, and accelerate continued growth along the Nine Mile Road corridor.
2. High Traffic Exposure: Located along Nine Mile Road with approximately 38,000 VPD and immediate access to Interstate 10—the fourth longest interstate in the U.S., spanning from Florida to California—providing exceptional regional connectivity, strong visibility, and a steady flow of consumers drawn from both local and long-distance travel patterns.
3. National Tenant Concentration: Positioned within a well-established commercial node, the property benefits from a strong retail presence that draws a wide range of consumers and supports consistent spending activity throughout the area. This surrounding tenant base enhances overall market stability and contributes to long-term viability for nearby businesses, anchored by Walmart, The Home Depot, Lowe’s, and Publix.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,920 SF
Building Class
C
Year Built/Renovated
1981/2024
Price
$2,595,000
Price Per SF
$661.99
Cap Rate
7.51%
NOI
$194,786
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
0.94 AC
Zoning
HC/LI - HC/LI zoning, or Highway Commercial/Light Industrial, is a designation that combines highway-oriented commercial uses with light industrial activities
Parking
22 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
192’ on E Nine Mile Rd
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 08-1S-30-1003-012-031 | Improvements Assessment | $268,256 |
| Land Assessment | $342,000 | Total Assessment | $610,256 |
Property Taxes
Parcel Number
08-1S-30-1003-012-031
Land Assessment
$342,000
Improvements Assessment
$268,256
Total Assessment
$610,256
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