Newmark Commercial Real Estate
THE PROPERTY FEATURES
- Newly signed 5-year NNN lease with a 5-year renewal option — passive income, zero landlord responsibilities.
- True absolute NNN: tenant handles taxes, insurance, and maintenance.
- Fresh lease term means no near-term rollover risk for a 1031 buyer.
- 4,014 SF free-standing building on 0.42 acres — rare single-tenant infill site.
- C-2 zoning permits bank, QSR, drive-thru retail, medical, and general retail conversions.
DEMOGRAPHICS
- Located at one of Pensacola’s busiest retail corridors, with traffic counts exceeding 26,000 cars per day.
- Serves a Pensacola MSA of 500,000+ residents, up nearly 20% since 2010.
- Directly across from Cordova Mall, the largest shopping center on the Northwest Gulf Coast.
- Steps from Ascension Sacred Heart Hospital, a major daytime employment and traffic driver.
- Surrounded by Target, Publix, Starbucks, Chick-fil-A, Best Buy, Chili’s, and Bank of America.
