Stable Investment with National Tenants! Fully Leased! Almost 4 Acres!

Shopping Center for Sale
Catylist Listing ID: 30736497
Property Subtypes: Neighborhood Center, Net Leased, Strip Center
Building Size (RSF): 40,120 SF
Gross Building Area: 42,336 SF
Gross Land Area: 3.97 SF
Sale Price: $4,100,000
Unit Price: $102.19 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Cantonment Square
Usable Size (USF): 40,120 SF
Sale Terms: Cash to Seller, Owner Financing
Last Updated: 10/25/2021

Overview / Comments

Salter Company is pleased to bring this Fully leased shopping center anchored by national tenants to the market!!!

Large almost 4 acre lot recently resurfaced with plenty of parking and room for growth!!

Most tenants just renewed and are secured with long term leases.

This property is in a great location on a major thoroughfare and great visibility.
All leases are NNN.

Updated in 2019 so there is little deferred maintenance. New roof installed in 2020.Parking lot resurfaced in 2017.

Check documents for additional information. NDA is available for download and will be required with proof of funds for financial information.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 141N311005003001
Zoning: HC/LI
Retail Clientele: General, Family, Business
Property Located Between: Highway 29 & Highway 95A
Property Visibility: Excellent
Largest Nearby Street: Highway 29
Feet of Frontage: 432
Traffic/Vehicle Count: 28,500
Highway Access: Highway 29 & 95A
Airports: Pensacola International Airport
Site Description: The site has great visibility and is situated on a major thoroughfare. Updates were recently performed on the parking lot and signage.
Area Description: Cantonment is just outside the city of Pensacola. Cantonment is experiencing significant growth for young families that need more space.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1985
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Stucco siding in great condition on the building that was recently painted. A sign marquee by the main thoroughfare and entrance.
Parking Ratio: 4.3 (per 1000 SF)
Parking Type: Surface
Parking Description: Entire parking lot surface is asphalt and was recently resurfaced and striped. There is room to add more parking spaces.
Total Parking Spaces: 172
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System, Other
Internet Access: Cable, DSL, Satellite
Interior Description: All units have been recently updated by current tenants.
Zoning Description: Sec. 3-2.11 - Heavy commercial and light industrial district (HC/LI). (a)Purpose. The heavy commercial and light industrial (HC/LI) district establishes appropriate areas and land use regulations for a complementary mix of industrial uses with a broad range of commercial activities. The primary intent of the district is to allow light manufacturing, large-scale wholesale and retail uses, major services, and other more intense uses than allowed in the commercial district. The variety and intensity of non-residential uses within the HC/LI district is limited by the applicable FLU and their compatibility with surrounding uses. All commercial and industrial operations are limited to the confines of buildings and not allowed to produce undesirable effects on other property. To retain adequate area for commercial and industrial activities, other uses within the district are limited. Retail sales. Retail sales including medical marijuana dispensing facilities, sales of alcoholic beverages, sales of automotive fuels, and sales of new and used automobiles, motorcycles, boats, manufactured (mobile) homes.(3)Retail services.a.Car washes, automatic or manual, full service or self-serve.b.Child care facilities.c.Hotels, motels and all other public lodging, including boarding and rooming houses.d.Personal services, including those of beauty shops, health clubs, pet groomers, dry cleaners and tattoo parlors.e.Professional services, including those of realtors, bankers, accountants, engineers, architects, dentists, physicians, and attorneys.f.Rental of automobiles, trucks, utility trailers and recreational vehicles.g.Repair services, including appliance repair, furniture refinishing and upholstery, watch and jewelry repair, small engine and motor services, and major motor vehicle and boat service and repair, but excluding outdoor work or storage .h.Restaurants and brewpubs, including on-premises consumption of alcoholic beverages, drive-in and drive-through service, and brewpubs with the distribution of on-premises produced alcoholic beverages for off-site sales. The parcel boundary of any restaurant with drive-in or drive-through service shall be at least 200 feet from any LDR or MDR zoning district unless separated by a 50-foot or wider street right-of-way .i.Taxi and limousine services.
Lot Frontage: 432
Lot Depth: 479
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: BEG AT SW COR OF LT 5 ELY ALG S LI 1542 FT TO W R/W LI OF STATE RD 95A N 30 DEG 28 MIN W 107 5/100 FT FOR POB N 30 DEG 28 MIN W 250.56 FT S 59 DEG 40 MIN 1 SEC W 414 48/100 FT TO E R/W LI OF US H/W 29 S 22 DEG 34 MIN 55 SEC E ALG R/W LI 321 33/100 FT N 51 DEG 15 MIN E 463 39/100 FT TO POB ALSO A PARCEL OF LAND IN LT 5 OF MANUEL GONZALEZ GRANT SEC 14 T 1N R 31W DESCRIBED AS BEG AT SW COR OF SD LT 5 ELY ALG S LI OF SD LT 5 1062 8/10 FT TO A PT ON E R/W LI OF U S HWY 29 FOR POB N 51 DEG 15 MIN E ALG S LI OF SD LT 5 479 2/10 FT TO A PT ON W R/W LI OF ST RD 95A N 30 DEG 28 MIN W ALG S R/W LI 107 5/10 FT S 51 DEG 15 MIN W 463 8/10 FT TO A PT ON E R/W LI OF U S HWY 29 S 22 DEG 33 MIN E 110 8/10 FT TO POB OR 7752 P 579

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,535 22,765 47,139
Median Age: 38.34 40.1 40.39
Households: 546 8,367 18,151


Photograph of Listing Agent

Athanasios (Saki) Filios

Salter Commercial LLC Gulf Coast CMLS Member
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