Investment Sale: Newk’s Eatery | Florida
5060 Bayou Blvd
Pensacola, FL 32503
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.
