Leasing Opportunities within Mixed Use Development

Retail-Commercial for Lease
Catylist Listing ID: 30568691
Property Subtypes: Convenience Store, Day Care Facility, Mixed Use, Retail-Pad
Building Status: Proposed
Contiguous Space: 1,300 - 27,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.75 - 2 Acres
Lease Rate: $21 - 28 PSF (Annual)
Base Monthly Rent: $47,250 - 63,000
Lease Types: NNN
Last Updated: 9/15/2020

Overview / Comments

Be a part of this 52+/- Acre Multi-Use Development located a half-mile west of I-10 & Nine Mile Rd (Exit 5)
Located in NW Pensacola in the fast-growing Beulah Community
Just east of Navy Federal Credit Union's Heritage Oaks Campus (7,100 +/- employees & over 8000 expected in the next year and expanding to over 10,000 employees by 2021)

Phase 1- 350 Apartments - UNDER CONSTRUCTION -Move-in begins Q4 2020
Phase 2- 300 Garden Style Apartment - Construction starts Q4 2020
Phase 3- Commercial/Retail Development (Land Sale/Build to Suit/Retail for Lease)

Land for Sale- $600,000/acre to approved concept
Build to Suit - .75 acre-2 acres lots available
Retail for Lease- The new construction lease opportunities have expected completion of Q1 2021

Attachments & Media

Expand All Available Space

Suite: Lease/Sale/Build to Suit 27,000 SF $21 - 28 PSF (Annual) NNN
Space Available: 27,000 SF
Minimum Divisible: 1,300 SF
Lease Rate: $21 - 28 PSF (Annual)
$47,250 - 63,000 (Monthly)
Lease Type: NNN
Space Description: There are 4 Potential retail centers totaling 27,000 SF of divisible retail space. These retail centers will offer prime road frontage on Nine Mile Road.

There will be an additional 3,400 SF retail building situated at the main entrance to the development.

The plan also includes 8,900 SF single level building at the corner of the roundabout where the development moves into residential housing.
*This proposed building could easily be increased to include multiple stories to increase square-footage

EXPECTED COMPLETION of leasable retail Q1 2021

Build to Suit and Land for Sale NOW!
Date Available: 1/1/2021
Space Type: New

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 101S312100000001
Zoning: COM
Property Located Between: Interstate 10 & Navy Federal Credit Union
Property Visibility: Excellent
Largest Nearby Street: Nine Mile Road/ I10
Traffic/Vehicle Count: 31,500
Highway Access: Easy Access to I10 via Exit 5
Site Description: The 52 is designed with luxury living in mind. The development will include up to 900+ Luxury apartments with 1500 to 2500 residents in walking distance. PHASE 1: "Inspire" is under construction and includes 350 luxury four-story elevator served apartments to begin tenant move-in by the end of 2020. Inspire features a state of the art full-service gym, bar, saltwater pool, smart home technology in every unit, and high speed WiFi throughout the property including every resident unit and all indoor and outdoor amenity areas. PHASE 2: Includes 300 family-focused apartments with construction expected to start Q4, 2020 PHASE 3: Commercial Development of retail pad sites that will be developed offering build to suit and lease opportunities. Lots can also be acquired
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Property Condition: Excellent
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 24,596 61,300
Median Age: 43.04 40.48
Households: 9,630 23,866

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