HIGHLIGHTS
- Corporate Guarantee, which provides security behind the lease obligations.
- Approximately ±7.25 years remain on the current lease, with three additional 5-Year renewal options providing long-term security.
- Surrounding major developments with a new planned Costco development just 0.3 miles east of the site.
- The lease provides for a passive, landlord-friendly expense structure with landlord expenses limited to replacement of roof and structure.
- Retail rents in the Pensacola Market have risen an average of 3.4% annually over the past three years.
FOR SALE DETAILS
PRICE
$1,106,000 USD
PRICE/SF
$442 USD /SF
CAP RATE
7.9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
21
LAND DETAILS
LAND ACRES
0.28 AC
LAND SF
12,196 SF
ZONING
C
APN/PARCEL ID
12-1S-30-1001-007-001
ASK ABOUT THIS PROPERTY
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602-922-3427
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602-922-3427
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