Prime 45-acre grocery-anchored development site coming soon to Pensacola, FL. The development is situated on a 45-acre site with up to 20,000 SF of endcap/inline retail space available for lease .The site is one of the only new grocery-anchored development projects to be constructed in Pensacola, FL. The site is centrally located in the booming Pensacola MSA and is ideal for retail, medical, hotel, and restaurant users. The site is located at the signaled intersection of Blue Angel Pkwy and Hwy 98, which experiences over 29,900 vehicles per day. The property has excellent visibility and access along the highly trafficked Hwy 98, which serves as the major arterial in NW Florida and stretching all the way to Alabama and southern Florida. The Pensacola market has experienced explosive growth due to the high population growth and high median income. The steady economy and tourism have fueled the retail demand in Pensacola over recent years. The government has a substantial presence in the metro, with more than 23,000 military and civilian personnel employed at NAS Pensacola, located just miles from the site. Several new developments have been in the immediate vicinity, including the new Perdido Urgent Care adjacent to the site and a new retail mixed-use development going in across the street. The property is near the Naval Air Station (NAS) Pensacola, Pensacola International Airport, Sacred Heart Hospital, University of West Florida, NAS Whiting Field, and the beautiful tourist beach destinations such as Perdido Key, Pensacola Beach, and Orange Beach.
