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.
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.