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6235 N Davis HwyPensacola, FL 32504
Top-Performing Hobby Lobby and Books-A-Million
Asset ClassRetail
Deal Size$7.25 M
Top-Performing Hobby Lobby & Books-A-Million
overview of deal

Overview

Sean Glickman, CCIM, and Managing Director at Cushman and Wakefield and Chris Smith, Director of Capital Markets are proud to offer for sale a 103,485 SF, two-tenant national retail center featuring Books-A-Million and Hobby Lobby. This offering has good value-add potential and is located with great visibility along a well-traveled roadway in Pensacola, FL. It is in a high retail area and surrounded by national retailers such as PetSmart, Bealls, Party City, American Freight and more, which bring plenty of foot traffic to the property.

 

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Investment Highlights

Retail Occupancy
100%
Parking Spaces
405 Spaces
Cap Rate
8.8%
Retail SF
103,485

The property's tenancy mix includes national retail stores Books-A-Million and Hobby Lobby. Both tenants have extended leases until 2025 and 2029, respectively. Books-A-Million ranks #9 out of 106 locations while Hobby Lobby is ranked #44 out of 952 locations nationwide.

 

The property is located on a main retail corridor on N. Davis Highway off of Interstate I-10 and I-110. Surrounding shopping centers offer strong retail mix including Petsmart, Party City, Planet Fitness, Big Lots, Bealls Outlet, TJ Maxx, Homegoods and more.

 

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6235 N Davis HwyPensacola, FL 32504
Pensacola International Airport
Downtown Pensacola
U.S. Naval Air Station

Sales Team

Sean GlickmanManaging Director407-949-0893sean.glickman@cushwake.com

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Listing provided by Revere CRE