6895 N 9th Ave
Pensacola, FL 32504
Belvedere Park Plaza · Retail Property For Sale

Cambridge Capital Advisors has been exclusively retained to market for sale the fee simple interest in Belvedere Park Plaza, a 125,690 square foot community shopping center located at 6870 N. 9th Avenue, Pensacola, FL. Built/renovated in 1972/1992/2016, the center is 96% percent leased and anchored by Ashley Furniture HomeStore and Dollar Tree. Other major tenants include: Richey’s East Liquors, Pet Supermarket, Chow Tyme, Batteries Plus, Firehouse Subs, Four Winds Food Market, H&R Block, Little Caesar’s, Po Folks, Metro PCS and The UPS Store. These tenants complement the anchor tenants and generate excellent traffic flow to the center. Pensacola is located in Escambia County, which has a population of 315,187 as of 2016, up 6.0% from 2010. Belvedere Park Plaza is strategically situated with good visibility on the southwest intersection of N. 9th Avenue and Creighton Road, which has a 56,196-traffic count. The 2018 five-mile population is 110,322 with a three-mile average household income of $60,983. This retail space is convenient to a host of major employers, including Federal, State and Local government, Sacred Heart and Baptist Hospitals, Navy Federal Credit Union, The University of West Florida, Gulf Power, International Paper, Pensacola Regional Airport. Belvedere Park Plaza sits in the Ferry Pass/N. Pensacola submarket of Pensacola MSA. There are upwards of 40 shopping centers in this market, which approach 2.5 million SF of retail shopping. This particular submarket commands over 25% of the overall shopping center SF for the MSA, making it highly attractive to the active consumer base. Vacancies have hovered below 4% since 2015.