.23 acre vacant commercial outparcel adjacent to shopping center. Tenant mix includes Grocery Outlet, Dirt Cheap, Subway, Chef King III, Liquor Paradise, Family Dollar. Outparcel mix includes Cazadores Mexican, a commercial icemaker and Metro PCS.
400 feet from the intersection of Lillian Highway and Fairfield Drive.
GSA leased 8,819 square foot office building one mile north of downtown Pensacola. Total renovation in 2019. Occupied by the U.S. Census.
11.4% cap rate is based upon average monthly net income of $9,428.98. Full service rent is $14,253.25 monthly (approximately $19.39/per square foot) through June 18, 2020, with the option to extend through December 31,2020. Full services fees average $6.56/per square foot.
The current estimated lease termination date is October of 2020.
Great opportunity for an investor or user willing to take occupancy next year.