Retail Space For Lease

420 East Chase Street Pensacola, FL 32502

420 East Chase Street, Pensacola, FL, 32502
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FOR LEASE
Property Type:
Street Retail
Last Verified:
Jan 22, 2018

Highlights

  • Turn Key Condition
  • HVAC
  • Restroom
  • Alarm
  • 100 Parking Spaces
  • Across the street from the Pensacola Civic Center, Gulf Power Headquarters, Technology Park(Coming Soon)
  • On Restaurant Row

Description

Investment Property featuring 3 National Tenants:
Newk's Eatery, Five Guys and Verizon

Retail Space For Lease Downtown Pensacola
Prime retail location in the downtown market of Pensacola, with high visibility from 9th Avenue and Chase Street. This property has a total of 1739 SF available in a ready to occupy condition complete with drop ceiling, stained concrete floors, restroon, HVAC and alarm. The property has more than 100 parking spaces fronts 4 streets and has ingress/egress points on 2 roads. Center anchored by Newk's Eatery, a nationally branded franchise restaurant, delivering a fresh option of Soups, Salads, Sandwiches and Pizzas to consumers.

This property is located at the foot of I-110 southbound off ramp positioned at the intersection of 9th Avenue (16,100 cars per day) and Chase St.(14,500 cars per day). The property is located among a strip of restaurants known as "Restaurant Row". Included in the strip of restaurants is McGuires Irish Pub, Carrabba's, The Melting Pot, Starbucks, Jimmie Johns, Rodizio Grill, Saltgrass Steakhouse, Another Broken Egg, Wantaburger, and Wendy's. In addition to these restaurants, this property is surrounded by the majority of Downtown Pensacola's limited hospitality locations that include Crown Plaza Residence inn and Courtyard by Marriott.


Year Built: 1999
Building Size: 1739.0sq ft
Lot Size: 1.41 acres

Units for Lease

420 East Chase Street
Lease Type: NNN
Price Per Sqft/Year: $25.0

Map of 420 East Chase Street, Pensacola, FL, 32502

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.