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5060 Bayou Blvd
Pensacola, FL 32503
Retail Property For Sale
Investment Highlights
- Remaining Term: 10 years (Been open since 2010)
- Strong Traffic with 29,000 AADT on 9th Ave & 24,500 on Bayou Blvd
- Prime Outparcel at Cordova Mall in Pensacola, FL with On Site Parking
Executive Summary
Prime Outparcel at Cordova Mall, Pensacola’s top retail destination. This location boasts a strong national tenant with 10 years remaining on the lease. Surrounded by top-tier retailers, and across the street from Sacred Heart Hospital, Pensacola State College and Pensacola International Airport, this is a rare opportunity to own a high-performing asset in a premier retail corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,232 SF
Building Class
C
Year Built/Renovated
1976/1985
Price
$2,307,692
Price Per SF
$370.30
Cap Rate
6.50%
NOI
$150,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.80 AC
Zoning
C-2
Parking
64 Spaces (10.27 Spaces per 1,000 SF Leased)
Frontage
90’ on Bayou Blvd
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 33-1S-30-7100-004-009 | Improvements Assessment | $611,524 |
| Land Assessment | $695,980 | Total Assessment | $1,307,504 |
Property Taxes
Parcel Number
33-1S-30-7100-004-009
Land Assessment
$695,980
Improvements Assessment
$611,524
Total Assessment
$1,307,504
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