Catylist ID:
#30872943
Fully Leased Cordova Complex for Sale
Retail-Commercial
for Sale
| Catylist Listing ID: | 30872943 |
| Property Subtypes: | Retail-Pad |
| Building Size (RSF): | 7,436 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.93 Acres |
| Sale Price: | $3,790,000 |
| Unit Price: | $509.68 PSF |
| Property Use Type: | Net Leased Investment (NNN) |
| Building Name: | Cordova Complex |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 7.0% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 7/15/2024 |
Overview / Comments
|
Property Description NNN Asset Fully leased! Long-term credited tenants (some has been here for 15+ years!) with 5 to 10 year leases. Over the past 18 months there has been over $1,000,000 in capital improvements including brand new lighted pylon signage, landscaping and every unit and been remodeled and updated. This space is an amazing investment opportunity in the best corridor of Pensacola! Location Description Located on Primary Travel Corridor in Pensacola, FL directly across the street from Starbucks and Chick-fil-A. The center is surrounded by strong national retailers like Publix, Winn Dixie, Michael's, Office Depot, ABC Fine Wine and Spirits, McDonald’s, Olive Garden, Panera Bread and more! Property Highlights Prime location in the Cordova Business District Available space for lease is ready to brand and open for business right away! Easy travel to I110 and other nearby highways Variety of restaurants and grocers within walking distance Zoned C1 Easy ingress/egress. 7,436 sq. building for sale 100% Leased 0.93 Acre parcel Long-term Credited Tenants with 5 to 10 years leases Located near the busy Bayou Blvd across from Starbucks, Chic fila, Cordova Mall, Sacred Heart Hospital and Publix Strong traffic counts Surrounded by Retail shops and Medical offices Excellent Daytime Employment numbers Densely populated area Zoned “C1,” this is a general commercial zone that provides a wide range of goods and services for Retail Commercial. |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Taxing Authority: | Escambia County |
| Tax ID/APN: | 331S307200000023 |
| Zoning: | C-1 |
| Retail Clientele: | General, Business, Other |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Bayou Blvd |
| Feet of Frontage: | 100 |
| Traffic/Vehicle Count: | 24,500 |
| Highway Access: | 1.5 Miles from I-110 |
| Airports: | 1.3 Miles from Pensacola International Airport |
| Total Number of Buildings: | 2 |
| Number of Stories: | 1 |
| Property Condition: | Excellent |
| Roof Type: | Gable |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Internet Access: | Cable |
| Zoning Description: | RETAIL COMMERCIAL (C-1) |
| Lot Frontage: | 100 |
| Lot Depth: | 405 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | Escambia County Property Appraiser 331S307200000023 - Full Legal Description COMMENCE AT THE POINT OF INTERSECTION OF THE SLY R/W LI OF BAYOU BLVD SR #296 (100 FT R/W) AND THE ELY ROW LI OF NINTH AVE SR #289 (100 FT R/W) THENCE S 64 DEG 56 MIN 30 SEC E ALONG THE SAID SLY R/W LI OF BAYOU BLVD FOR 594.92 FT TO THE POINT OF A CIRCULAR CURVE CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF 2807.06 FT THENCE SE ALONG THE ARC OF SAID CURVE FOR AN ARC DISTANCE OF 215.27 FT (CHORD DISTANCE OF 215.22 FT CHORD BEARING OF S 62 DEG 44 MIN 41 SEC E) TO THE MOST ELY CORNER OF THE PROPERTY DEEDED TO FAB REALTY CO ACCORDING TO THE DEED RECORDED IN OFFICIAL RECORD BOOK 878 AT PAGE 849 OF THE PUBLIC RECORDS OF ESCAMBIA COUNTY FLORIDA FOR THE POB THENCE CONTINUE ALONG THE SAID ARC BEING THE SAID SLY R/W LINE OF BAYOU BLVD FOR AN ARC DISTANCE OF 100.46 FT (CHORD DISTANCE OF 100.45 CHORD BEARING S 59 DEG 31 MIN 21 SEC E) THENCE S 25 DEG 03 MIN 30 SEC W FOR A DISTANCE OF405.78 FT TO A POINT ON THE NLY R/W OF DODSON DR (60 FT R/W) SAID POINT BEING ON THE ARC OF A CIRCULAR CURVE CONCAVE TO THE SW HAVING A RADIUS OF 1486.55 FT THENCE NWLY ALONG THE ARC OF SAID CURVE BEING ALSO THE SAID NLY R/W LI FOR AN ARC DIST OF 100.53 FT (CHORD DISTANCE 100.51 FT CHORD BEARING N 59 DEG 08 MIN 48 SEC W) THENCE N 25 DEG 03 MIN 30 SEC E ALONG THE SE LI OF THE SAID FAB REALTY CO PROPERTY FOR A DISTANCE OF 405.12 FT TO THE POB CONTAINING 0.93 AC MORE OR LESS SEC 50 T1S R 30 OR 8664 P 978 SHEET G |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,982 | 72,865 | 155,512 |
| Median Age: | 40.41 | 39.08 | 38.17 |
| Households: | 3,278 | 29,916 | 63,933 |
Contact
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