Listed by Stirling Properties, LLC
$2,240,000
First City Shops - Neighborhood Retail Center Investment
Details
Property Type Retail, Office
Sub Type Traditional Office, Creative Office
Square Footage 9,017
Cap Rate 7.00%
NOI $156,890
Occupancy 100%
Lease Type NNN
Year Built 2008
Buildings 1
Zoning C-2
Parking Spaces 5 per 1,000 sq ft
Ground Lease No
100% Leased Investment Opportunity
Marketing description
Presenting an exceptional retail investment opportunity in the vibrant Pensacola area, this prime Retail Center encompasses a 9,017 SF building with 5 units, offering a stable income with upside due to current under-market rents. Built in 2008 and zoned Commercial (C-2), the property guarantees a strong foundation for diverse retail ventures. With a 100% occupancy rate, and NNN leases, investors can enjoy immediate returns on their investment. The property's strategic location in Pensacola, combined with its impressive features, positions it as a lucrative option for investors seeking a high-performing asset in a thriving market.
Investment highlights
9,017 SF Retail Center
100% Leased
NNN Leases
Below Market Rents
Strong Retail submarket
Listing Contacts
Listed by Stirling Properties, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,890.00
$13,074.17/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
C-2 CommercialRetail CommercialCommercial
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View all 10 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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