6121-6235 N Davis Hwy - Retail FOR SALE
Pensacola, FL 32504 |
6121-6235 N Davis Hwy
Pensacola, FL 32504
HIGHLIGHTS
- Transformational Crunch Fitness anchor opened Sep-25 - $5M investment by 2nd largest Crunch franchisee (70+ locations), 15-year lease with 10% bumps
- Crunch replaced Big Lots, driving significant traffic increases, energizing existing tenants, and strengthening future leasing & merchandising
- Embedded rent growth - Petland & Bealls remain well-below market rents with no options; Concentra’s new 10-year lease achieved a 140% rent spread
- All roofs replaced in 2018 or later; parking lot resurfaced in 2023 and upgraded with LED lighting, enhancing long-term durability and curb appeal
- Largest MSA with 535,000 residents, 80,000+ military personnel, and a 25-mile regional draw extending from Destin to Mobile
- At I-10/I-110/North Davis Hwy (200,000 VPD), with 150,000 residents averaging $94,000 household income and 31,000+ college students within 5 miles
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Pensacola Square
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
142767
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
34-1S-30-3101-000-000
