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470 S Highway 29
Cantonment, FL 32533
Cantonment Square · Retail Property For Sale

Investment Highlights

  • RECENTLY ADDED NATIONAL ANCHORS – BADCOCK HOME FURNITURE & MORE AND ANYTIME FITNESS - comprise over 67% of the GLA
  • 100% OCCUPIED, FOUR-TENANT CENTER WITH NNN LEASES creates relatively low-maintenance, hands-off ownership
  • RECENTLY RENOVATED SHOPPING CENTER mitigates costly future capital expenditures for the next iteration of ownership
  • WELL-LOCATED ON THE NORTH SIDE OF THE PENSACOLA, FL MSA, ALONG HEAVILY-TRAVELED US-29 with a combined 54,000 VPD
  • SOLID SHOPPING CENTER FUNDAMENTALS include a traditional ‘retail strip’ layout, direct access from all sides & directions, ample visibility & signage
  • EXCELLENT RECENT LEASING MOMENTUM includes two, 10-year anchor leases in 2018 and 2019, and the addition of Harvester’s Federal Credit Union in 2020

Property Facts

Property Type
Retail
Property Subtype
Storefront
Building Size
40,120 SF
Building Class
B
Year Built/Renovated
1985/2005
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
3.98 AC
Zoning
HC/LI - HC/LI - Heavy Commercial-Light Industrial Zoning allows a variety of uses.
Parking
165 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
400’ on Highway 29

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Enclosed Mall

Property Taxes

Property Taxes

Parcel Number
14-1N-31-1005-003-001
Land Assessment
$398,000
Improvements Assessment
$2,090,785
Total Assessment
$2,488,785
  • Listing ID: 20300041

  • Date on Market: 7/16/2020

  • Last Updated:

  • Address: 470 S Highway 29, Cantonment, FL 32533

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