Chick-fil-A Plaza 2 Retail Properties Offered at $9,994,992 CAD in Pensacola, FL

The TC Retail Group of Marcus & Millichap is pleased to present a rare opportunity to acquire Chick-fil-A Plaza, a Class A retail asset totaling just under 20,000 rentable square feet on 2.06 acres, ideally located in the heart of Pensacola’s primary retail corridor.
Strategically positioned as a shadow anchor to Cordova Mall — a top-performing regional mall attracting over 8 million annual visitors — the property also benefits from being directly across the street from a Target and Winn-Dixie anchored shopping center. It features excellent visibility, prominent signage, and easy access along Bayou Blvd, which sees over 23,000 vehicles per day.
In addition to the Chick-fil-A ground lease, the center is home to a strong lineup of national tenants including Firehouse Subs, T-Mobile, and European Wax Center. Significant value-add potential exists through the lease-up of the remaining vacancy, projecting a stabilized cap rate of 7.27% by year two.
The property is surrounded by a dense and affluent customer base, with over 140,000 residents within a 5-mile radius and an average household income exceeding $71,000 within 3 miles.
Surrounding retailers include: Publix, The Home Depot, Best Buy, Target, Winn-Dixie, Ross, Ulta Beauty, and many more.