6240 N DAVIS HWY Pensacola FL 32504

Sean Glickman, CCIM, Managing Director at Cushman and Wakefield is proud to offer for sale Village Oaks, a 166,245 SF shopping center in Pensacola, FL. With national tenants Beall’s, PetSmart, Planet Fitness, Party City, Cato Fashions and Once Upon a Child, the property contains many e-commerce resilient tenant types. There is also a great mix of local tenants providing services like nail salon, Vietnamese restaurant, and martial arts studio.

• New roof in 2020 and 2023.

• Sales volumes far exceed pre-Covid levels.

• Having most of the important retailers in the U.S. all in one location creates the most important retail and service hub in the panhandles.

• The center is located one mile south of the Interstate 10 / Interstate 110 interchange on the six lane North Davis Highway, one of the two primary retail corridors in Pensacola.

• Significant value-add potential – potential NOI increase of more than $700,000 due to many tenants’ rent below market.

• Pensacola is the largest MSA in the Florida Panhandle with more than 512,000 residents.

• Excellent visibility, multiple points of access and high traffic counts.

• Strategically positioned within one mile of the Simon Property Group owned, 900,000-plus square foot Cordova Mall, and surrounded by more than 9,000,000 square feet of retail within a three-mile radius.

• Located in the heart of the North Pensacola/Ferry Pass retail submarket with 6.5 million square feet of inventory, the largest retail submarket in Pensacola and the most infill, super-regional retail trade area in the Florida Panhandle.

• Nearby Naval Air Station Pensacola employs more than 16,000 military and 7,400 civilian personnel.

• Next door centers include TJ Maxx, Home Goods, Joann Fabrics and BJ’s Wholesale.

• Life Company financing is available with up to 70% LTV at 7% interest, term of 3, 5, 10, 15, 20 or 25 years fixed.

• There are more than 155,000 residents within a five-mile radius with an average household income of more than $70,000.

• New reseal and restriping of the complete parking lot in 2023.