| Pensacola, FL
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- LoopNet Team
Portfolio For Sale
Pensacola, FL
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- A+ Irreplaceable Location: Prime outparcel/shadow anchor to Cordova Mall, a top-performing regional mall with 8M+ annual visitors
- NNN & Ground Lease Structure: Features a corporate Chick-fil-A NNN ground lease at low rent and NNN leases with all inline tenants
- Newer Roof: The roof on the retail center was recently replaced in 2018 and includes a 15-year transferable warranty.
- Rare Chick-fil-A: With double drive thru on an absolute NNN ground lease, plus built-in value-add potential with the adjoining retail center included.
- Significant Value-Add Opportunity: Lease-up of remaining vacancy delivers a projected 7.27% cap rate by year two
- Exceptional Visibility & Access: Located along Bayou Blvd with 23,000+ vehicles per day, offering high visibility, prominent signage, and easy ingress
PROPERTY FACTS
| Property Type | Retail |
| Property Type | Retail |
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