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Exceptional Shopping Center Investment Opportunity
THE OFFERING. JLL has been retained as exclusive advisor for the sale of Pensacola Square (the “Property” or “Center”), a 142,767 square foot community
shopping center anchored by Big Lots and shadow anchored by Books-A-Million and Hobby Lobby. The Property is located on the southbound
side of North Davis Highway (State Road 291), a heavily-trafficked north-south commercial and retail corridor, in proximity to the Cordova Mall.
Exclusively Offered By
Pensacola SquarePENSACOLA, FLORIDA
INVESTMENT HIGHLIGHTS
PRIME INFILL LOCATION ON PRIMARY COMMERCIAL CORRIDORThe Property is located on North Davis Highway, an arterial road with excellent connectivity to surrounding highways.
More than 35,000 vehicles per day drive along North Davis Highway, with 30,000 VPD on nearby Airport Boulevard.
The Property is one mile north of the onramp to I-110 with its 59,500 VPD and one mile south of the onramp to I-10
which boasts 74,000 VPD. It has excellent access with five points of ingress and egress, including a signalized
intersection, and its location precludes any of the traffic congestion that can plague the nearby Cordova Mall retail node.
STRONG VALUE-ORIENTED NATIONAL ANCHORSBig Lots and Bealls solidify the tenant mix as a daily needs stop for value-oriented shoppers. Hobby Lobby
and Books-A-Million serve as unique to market shadow anchors that draw regional customers; the next
closest Hobby Lobby (35 miles, Foley AL) and Books-A-Million are over an hour away (41 miles, Gulf
Shores, AL).
STABLE, RESILIENT LOCAL ECONOMYPensacola’s economy is primarily driven by two major engines: a strong military presence and an
unparalleled medical sector. It is also home to several post-secondary institutions and regional corporate
offices for major employers. These industries, institutions, and companies bring stability, highly-trained
workers, and economic growth to the region.
VALUE-ADD / UPSIDE OPPORTUNITYPensacola Square represents a unique opportunity to capture NOI growth through leasing up existing
vacancy in the center. There are several value-oriented retailers seeking prime junior anchor boxes that
may view the center as an ideal location. Beyond that, there may be demand in the market for a specialty
grocer. There are no grocers located on N Davis Hwy and the nearest three are grouped together by the
Cordova Mall, up off the road and away from great visibility, and there is a clear hole in the market south
and west of the Property.
PROPERTY SUMMARY
Type Shopping Center
Address 6235 N Davis Hwy
Location Pensacola, FL
Year Built / Renovated 1986 / 1993
Square Feet 142,767
90
29
95
8
8A
110
1010
289
742742
290290
291
750
295
295
10A
752
29
29
8
8
10
742
296
Johnson Ave.
Olive Rd.
Creighton Rd.
Langley Ave.
Airport Blvd. Airport Blvd.
Summit Blvd.
Span
ish T
rail R
d.
Bayou Blvd.
12th
Ave
.
9th A
ve.
Scenic Hwy.
Hi
lltop
Dr.
Baisd
en R
d.
Morningside D r.
Hallmark Dr.
12th Ave.
Escambia Ave.
16th Ave.
Chadwick St.
College Pkwy.
Bloodsworth Ln.
Prichard A
ve.Tippin A
ve.
Old Spanish Trail Rd.
Whi
tmire
Dr.
Ira Dr. Atwood Dr.
Lanier Dr. U
nderwood Ave.
Lees
way
Blvd
.Fl
ax R
d.Durango Dr.
Hibi
scus
Rd.
Audo
bon
D
r.
Swan Ln.
Bonway Dr.
Sch
wab
Dr.
Fairchild St.
Chapel S
t.
Hendrix A
ve.
Northpointe Blvd.
Squire Rd.
Gregg R
d. Atwood Dr.
Lawton S
t.
Logan Dr.
Bayview Wy.
Montalvo D r.
Cam
initti Ln.
Davis St.
D
avis
Hw
y
9th
Ave
.Beverly Pkwy.
Palafox Hwy.
Pace Blvd.
Palafox St.
Texar Dr.
Texar Dr.
Fairfield Dr.
Leesway Cir.
B aywind Cir.
Olive Rd.
Michigan Ave.
Detroit Blvd.
Pine Forest Rd.
Pensacola Blvd.
Fairfield Dr.
Detroit Blvd.
Palafox St.
Win
gfoot Way
Capitol Blvd.U
ntre
iner
Ave
.
Pinestead Rd.
NW St.
Industrial B
lvd.
Massachusetts Ave.
Hollyw
ood St.
Brie
se L
n.
Chi
shol
m R
d.
Hope Dr.
Kemp Rd.
NW
St.
Hancock Ln.
Davis H
wy
Langley Ave.
EscambiaBay
Texar Bayou
PensacolaRegionalAirport
ScenicHot'sPark
BelvederePark
BaywoodsPark
RegencyPark
Camelot Park
WoodcliffPark
DevereuxPark
LavalletPark
FairchildPark
Bryan Park
Marcus PointeGolf Club
CreeksideGolf Club
CrescentLake
CordovaMall
SpringdalePark
BaarsPark
PintadaPark
SemmesParkBarcia
Park
HighlandTerrace
Park
ZamoraSquare
Park
BayviewPark
ExchangePark
BayBluffsPark
MalloryHeights
Park No. 1
Bay CliffPark
EastgateShopping
Center
BelvederePark Plaza
NorthcrossVillage
UniversityTownPlaza
Trade WindsShopping
Center
Ferry PassPlaza
LexingtonSquare
CordovaCommons Pensacola
StateCollege
SacredHeart
Hospital
Pensacola
ForestGrove
One & Olney Square
76
224
532
New
New
NEW
NEW
1
1
Approximate Property Boundary
Panama City Square
Pensacola Square
0 1
Mile
N
N N
N
Pensacola Square
Pensacola Square
Pensacola Square
90
29
95
8
8A
110
1010
289
742742
290290
291
750
295
295
10A
752
29
29
8
8
10
742
296
Johnson Ave.
Olive Rd.
Creighton Rd.
Langley Ave.
Airport Blvd. Airport Blvd.
Summit Blvd.
Span
ish T
rail R
d.
Bayou Blvd.
12th
Ave
.
9th A
ve.
Scenic Hwy.
Hi
lltop
Dr.
Baisd
en R
d.
Morningside D r.
Hallmark Dr.
12th Ave.
Escambia Ave.
16th Ave.
Chadwick St.
College Pkwy.
Bloodsworth Ln.
Prichard A
ve.Tippin A
ve.
Old Spanish Trail Rd.
Whi
tmire
Dr.
Ira Dr. Atwood Dr.
Lanier Dr. U
nderwood Ave.
Lees
way
Blvd
.Fl
ax R
d.Durango Dr.
Hibi
scus
Rd.
Audo
bon
D
r.
Swan Ln.
Bonway Dr.
Sch
wab
Dr.
Fairchild St.
Chapel S
t.
Hendrix A
ve.
Northpointe Blvd.
Squire Rd.
Gregg R
d. Atwood Dr.
Lawton S
t.
Logan Dr.
Bayview Wy.
Montalvo D r.
Cam
initti Ln.
Davis St.
D
avis
Hw
y
9th
Ave
.Beverly Pkwy.
Palafox Hwy.
Pace Blvd.
Palafox St.
Texar Dr.
Texar Dr.
Fairfield Dr.
Leesway Cir.
B aywind Cir.
Olive Rd.
Michigan Ave.
Detroit Blvd.
Pine Forest Rd.
Pensacola Blvd.
Fairfield Dr.
Detroit Blvd.
Palafox St.
Win
gfoot Way
Capitol Blvd.
Unt
rein
er A
ve.
Pinestead Rd.
NW St.
Industrial B
lvd.
Massachusetts Ave.
Hollyw
ood St.
Brie
se L
n.
Chi
shol
m R
d.
Hope Dr.
Kemp Rd.
NW
St.
Hancock Ln.
Davis H
wy
Langley Ave.
EscambiaBay
Texar Bayou
PensacolaRegionalAirport
ScenicHot'sPark
BelvederePark
BaywoodsPark
RegencyPark
Camelot Park
WoodcliffPark
DevereuxPark
LavalletPark
FairchildPark
Bryan Park
Marcus PointeGolf Club
CreeksideGolf Club
CrescentLake
CordovaMall
SpringdalePark
BaarsPark
PintadaPark
SemmesParkBarcia
Park
HighlandTerrace
Park
ZamoraSquare
Park
BayviewPark
ExchangePark
BayBluffsPark
MalloryHeights
Park No. 1
Bay CliffPark
EastgateShopping
Center
BelvederePark Plaza
NorthcrossVillage
UniversityTownPlaza
Trade WindsShopping
Center
Ferry PassPlaza
LexingtonSquare
CordovaCommons Pensacola
StateCollege
SacredHeart
Hospital
Pensacola
ForestGrove
One & Olney Square
76
224
532
New
New
NEW
NEW
1
1
Approximate Property Boundary
Panama City Square
Pensacola Square
0 1
Mile
David F. Monahan Carson Good Cameron Pittman Tarik Bateh Joe HeppTel: 212.812.5704 Tel: 305.704.1414 Tel: 212.812.5821 Tel: 904.559.3913 Tel: [email protected] [email protected] [email protected] [email protected] [email protected]
PRIMARY CONTACTS FINANCING
OFFERING PROCESSThis offering presents prospective purchasers with the opportunity to acquire an exceptionally well-located shopping center located in a highly desirable trade area. As exclusive agent, JLL
is presenting Pensacola Square to select investors registered via a confidentiality agreement. The Property is being offered on an “as-is”, all cash basis, and the marketing process will be
governed by a date certain bid process.
Village Oaks Drive
291
N. Davis Highway (35,000 VPD)
Langley Avenue
Technologies forTechnologies forTomorrowTomorrow
Weight WatchersWeight Watchers
1,600 SF1,875 SF
600 SF
1,200 SF
23,700 SF
Vacant12,574 SF
1,425 SF
18,017 SF
7,695 SF
40,586 SF 1,50
0 S
F
3,30
0 S
F
Vaca
nt6,
850
SF
1,03
7 S
F
11,908 SF
One & Olney Square
76
224
532
New
New
NEW
NEW
1
1
Approximate Property Boundary
Panama City Square
8,900 SF
NAP
NAP
Technologies forTomorrow
Weight Watchers
Fashion NailsFashion NailsFashion Nails
Vaping SistersVaping SistersVaping Sisters
AnchorBig BoxOutparcelSmall ShopVacant
BOSTON NEW YORK CITY PHILADELPHIA WASHINGTON DC LOS ANGELES
Chris Angelone Nat Heald David F. Monahan Cameron Pittman James Galbally Bill Moylan Geoff TranchinaTel: 617.316.6466 Tel: 617.316.6467 Tel: 212.812.5704 Tel: 212.812.5821 Tel: 215.988.5551 Tel: 202.719.5651 Tel: [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]
JLL RETAIL PARTNERS