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t r a n s l a t e

Shell-Anchored Retail Center in Pensacola | 4 Units

6403 9th Avenue
Pensacola, FL 32504
PRICE : $2,795,000
CAP RATE: 8%
PROPERTY TYPE: Retail
SITE SIZE: 2.91 Acres
BUILDING SIZE: 15,713 SF
YEAR BUILT: 1986

Highlights

  • ± 15,713 SF multi-tenant retail center in Pensacola, FL
  • 3 well-established tenants with lengthy occupancy
  • Anchored by Shell fuel center and Wash N' Go car wash
  • Billboard signage on property with excellent visibility from 9th Avenue
  • Abundant surface parking
  • 3 ingress/egress points on 9th Avenue and John Carroll Drive
  • Located in vibrant retail corridor with over 30,000 VPD on 9th Avenue
  • Located in close proximity to Pensacola International Airport, Pensacola State College and Cordova Mall
  • Bull Realty Florida License #1026029

Description

Bull Realty is pleased to present this multi-tenant, net-lease opportunity in Pensacola, Florida. The property currently has three, well-established tenants with 4-5 years remaining in their lease terms with all tenant expenses being paid to the Landlord. Tenants include a popular Thai restaurant, a car wash that also offers basic auto service and a convenience store with fuel sales.

A large billboard on the property provides space to advertise the on-site businesses with ± 30,000 vehicles passing the property each day. The ± 15, 713 SF building has one vacancy, a small retail showroom that would be perfect for a hair salon or similar business. Pensacola benefits from the recent and ongoing mass movement of residents to the southern states, particularly Florida, and is expected to continue to see rising rental rates and property values.

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