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Market Place Plaza 6508-6516 W Jackson St 19,318 SF 87% Leased Retail Building Pensacola, FL 32506 $1,439,000 ($74.49/SF) 7.03% Cap Rate
EXECUTIVE SUMMARY
7.6% CAP Rate I $119K NOI
Property is being SOLD on Comparable Approach to Value:
Income Listed Below:
UNIT 6508 Global Mart SuperMarket - 5-Yr Term
5,000 SF $10 PSF NNN
$5000 PSF BASE - $664.25 NNN
UNIT 6510/ 6512/6516 $3,900 per month
UNIT 605 65th $1,030 per month
NOI $119,160
Strategically positioned at the signalized corner of Jackson Street and 65th Avenue, this fully renovated 18,912 SF multi-tenant retail center is situated on a 2.45-acre parcel in one of Pensacola’s most established corridors. Zoned HCD and offering five access drives, full drive-around capability, and excellent frontage, this asset is ideal for investors or owner-users seeking a turnkey opportunity with upside.
• Recently upgraded: new roof, HVAC, electrical & plumbing systems
• Fresh exterior/interior finishes, updated signage, and resurfaced parking lot
• Flexible layout with strong visibility and access
• Two long-term tenants in place:
– Sonlight Christian Center (tenant since 2015)
– AA Chapter (tenant since 2001)
• New Global Market SuperMarket - 5-YR Term
• Ideal for owner-occupier seeking passive income from existing tenants or 1031 Buyer targeting sub-$2 M retail with expansion land and proven tenant history.
Demographics:
POP - 120,985 5-MI Radius
Employees- 78,671 - 5 MI Radius
TOTAL BUSINESS SALES $8,408,964,000 5-MI Radius
Sale includes an adjacent vacant parcel offering future development or expansion potential. The property is currently on certified septic systems with future sewer access planned through Escambia County’s Jackson Street corridor revitalization project—which includes new roads, sidewalks, lighting, and landscaping enhancements
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
|
-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- NHCC, Inc
- -
- -
-
$9.99
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| NHCC, Inc | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Now available: a beautifully renovated 2,600 SF suite at Marketplace Plaza. Completed in 2025, this space received a full top-to-bottom makeover, including all new: Key Highlights: 2,600 SF with modern finishes Rear delivery access & truck circulation Open floorplan with 2 private offices High-traffic visibility & surface parking Anchored by new grocer and long-term tenants New Ceiling New HVAC system New Electrical & plumbing Baseboards & flooring Fresh paint throughout The layout features a bright open-concept storefront with two private offices and dedicated storage areas—perfect for retail or office use. The suite offers rear access via a 4-foot door, with truck access around the entire building for seamless deliveries. Marketplace Plaza boasts 85 freshly resurfaced parking spaces and high visibility in a well-established center now anchored by Global Mart (grocer), along with long-standing church and office tenants.
| Space | Size | Space Use | Position | Available |
| 6514 | 2,600 SF | Retail | In-Line | Now |
6514
| Size |
| 2,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
6514
| Size | 2,600 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Now available: a beautifully renovated 2,600 SF suite at Marketplace Plaza. Completed in 2025, this space received a full top-to-bottom makeover, including all new: Key Highlights: 2,600 SF with modern finishes Rear delivery access & truck circulation Open floorplan with 2 private offices High-traffic visibility & surface parking Anchored by new grocer and long-term tenants New Ceiling New HVAC system New Electrical & plumbing Baseboards & flooring Fresh paint throughout The layout features a bright open-concept storefront with two private offices and dedicated storage areas—perfect for retail or office use. The suite offers rear access via a 4-foot door, with truck access around the entire building for seamless deliveries. Marketplace Plaza boasts 85 freshly resurfaced parking spaces and high visibility in a well-established center now anchored by Global Mart (grocer), along with long-standing church and office tenants.
PROPERTY TAXES
| Parcel Number | 11-2S-31-6500-000-015 | Improvements Assessment | $230,682 (2025) |
| Land Assessment | $78,400 (2025) | Total Assessment | $309,082 (2025) |
PROPERTY TAXES
Presented by
Market Place Plaza | 6508-6516 W Jackson St
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