701 E Nine Mile Rd | Pensacola, FL 32514
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- LoopNet Team
701 E Nine Mile Rd
Pensacola, FL 32514
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guarantee, which provides security behind the lease obligations.
- Surrounding major developments with a new planned Costco development just 0.3 miles east of the site.
- Retail rents in the Pensacola Market have risen an average of 3.4% annually over the past three years.
- Approximately ±7.25 years remain on the current lease, with three additional 5-Year renewal options providing long-term security.
- The lease provides for a passive, landlord-friendly expense structure with landlord expenses limited to replacement of roof and structure.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,500 SF
Building Class
B
Year Built/Renovated
1979/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.28 AC
Zoning
C - Commercial
Parking
21 Spaces (8.4 Spaces per 1,000 SF Leased)
Frontage
77’ on E Nine Mile Rd
AMENITIES
- Corner Lot
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 12-1S-30-1001-007-001 | Improvements Assessment | $166,571 |
| Land Assessment | $84,497 | Total Assessment | $251,068 |
PROPERTY TAXES
Parcel Number
12-1S-30-1001-007-001
Land Assessment
$84,497
Improvements Assessment
$166,571
Total Assessment
$251,068
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