Publix Outparcels at Nine Mile Crossing in Pensacola

Vacant Land for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 30570451
Property Subtypes: Retail, Retail-Pad, Other
Gross Land Area: 0.98 - 1.01 Acres
Lease Rate: $1 (Annual)
$0 PSF (Annual)
Base Monthly Rent: $0.08
Lease Types: See Agent
Last Updated: 1/14/2021

Overview / Comments

Three outparcels available for ground lease in front of Pensacola’s newest Publix-anchored development. These outparcels present an incredible opportunity for an end user to locate in front of the “South’s Best Grocery Store” as voted by Southern Living, in one of Escambia County’s fastest growing areas with over 2,000 single-family homes planned within a short drive of the site. Publix is scheduled to open in March 2021 and these parcels will be delivered in rough graded condition with curb cuts and offsite retention in place. Inquire with Broker for pricing information.

Northwest Pensacola’s growth has been astounding over the past several years, with major investments from the public and private sectors. Highlighted by Navy Federal Credit Union’s $1B+, 1.5 million SF campus expansion expected to employ 10,000+ in the next few years, additional ongoing development in the surrounding area includes 2,000+ single-family lots within a four-mile radius, a new 4,950 SF Circle K, a new 350-unit luxury apartment complex, and a large-scale mixed used development on the OLF 8 property.

In response to ongoing growth in the area, the Florida Department of Transportation (FDOT) recently opened a four-lane expansion of Nine Mile Road at a cost of approximately $21M. FDOT is currently working through preliminary environmental and engineering on a new interchange at I-10 at Beulah Road which would include widening of Beulah Road from I-10 to West Nine Mile Road. The new 205,000 SF, $45 million Beulah Middle School opened in August 2018.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 081S312201000005
Property Located Between: Beulah Road and I-10
Property Visibility: Excellent
Largest Nearby Street: West Nine Mile Road
Zoning Description: Uses subject to Publix ECR
Development Name: Nine Mile Crossing
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,246 9,291 36,265
Median Age: 40.37 41.17 41.22
Households: 1,208 3,410 14,022

Contact

Photograph of Listing Agent

Kenny Nichols

Vallas Realty, Inc. Gulf Coast CMLS Member
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