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Investment Sale: Newk’s Eatery | Florida

$2,307,692

5060 Bayou Blvd, Pensacola, FL 32503

Active
Last Updated: 03/13/2025

6,232 sqft

Building Size

0.801 acres

Lot Area

Details:
Building Size:    6,232 sqft
Lot Area:    0.801 acres
Occupancy:    100%
Year Built:    1976
Floors:    1
Highlights:
  • Lease Type: NNN
  • Tenancy: Single | 100% Occupancy
  • Remaining Term: 10 years (Been open since 2010)
  • Tenant Credit: Corporate Guarantee | Newk’s Eatery
  • CAP Rate: 6.5%
  • NOI: $150,000
  • Prime Outparcel at Cordova Mall in Pensacola, FL with On Site Parking
  • Strong Traffic with 29,000 AADT on 9th Ave & 24,500 on Bayou Blvd
Description:

Prime Outparcel at Cordova Mall, Pensacola’s top retail destination. This location boasts a strong national tenant with 10 years remaining on the lease. Surrounded by top-tier retailers, and across the street from Sacred Heart Hospital, Pensacola State College and Pensacola International Airport, this is a rare opportunity to own a high-performing asset in a premier retail corridor.

Prime Outparcel at Cordova Mall, Pensacola’s top retail destination. This location boasts a strong national tenant with 10 years remaining on the lease. Surrounded by top-tier retailers, and across the street from Sacred Heart Hospital, Pensacola State College and Pensacola International Airport, this is a rare opportunity to own a high-performing asset in a premier retail corridor.

Map:
Documents:
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SVN_-_Newks.pdf
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SVN_-_Newks.pdf
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SVN_-_Newks.pdf
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Location
Gallery