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Market Place Plaza 6508-6516 W Jackson St 19,318 SF 100% Leased Retail Building Pensacola, FL 32506 $1,594,969 CAD ($82.56 CAD/SF) 9.76% Cap Rate
Executive Summary
Marketplace Square has been reduced from $1,275,000 to $1,150,000, equating to approximately $60.81 PSF. Offered at an estimated 8.8% cap rate based on stated NOI, the property provides investors with existing income plus added upside through the included adjacent vacant parcel, ideal for future expansion or development potential.
The center enjoys a 88% occupied with long-term tenants, fresh improvements, and a high-demand vacancy ready to lease. Bonus: includes an expansion parcel
8.8% CAP Rate I $119K NOI
Property is being SOLD on Comparable Approach to Value:
Income Listed Below:
UNIT 6508 Global Mart SuperMarket - 5-Yr Term
5,000 SF $10 PSF NNN
$5000 BASE - $664.25 NNN
UNIT 6510/ 6512/6516 $3,900 per month
UNIT 605 65th $1,030 per month
NOI $119,160
Strategically positioned at the signalized corner of Jackson Street and 65th Avenue, this fully renovated 18,912 SF multi-tenant retail center is situated on a 2.45-acre parcel in one of Pensacola’s most established corridors. Zoned HCD and offering five access drives, full drive-around capability, and excellent frontage, this asset is ideal for investors or owner-users seeking a turnkey opportunity with upside.
• Recently upgraded: new roof, HVAC, electrical & plumbing systems
• Fresh exterior/interior finishes, updated signage, and resurfaced parking lot
• Flexible layout with strong visibility and access
• Two long-term tenants in place:
– Sonlight Christian Center (tenant since 2015)
– AA Chapter (tenant since 2001)
• New Global Market SuperMarket - 5-YR Term
• Ideal for owner-occupier seeking passive income from existing tenants or 1031 Buyer targeting sub-$2 M retail with expansion land and proven tenant history.
Demographics:
POP - 120,985 5-MI Radius
Employees- 78,671 - 5 MI Radius
TOTAL BUSINESS SALES $8,408,964,000 5-MI Radius
Sale includes an adjacent vacant parcel offering future development or expansion potential. The property is currently on certified septic systems with future sewer access planned through Escambia County’s Jackson Street corridor revitalization project—which includes new roads, sidewalks, lighting, and landscaping enhancements
The center enjoys a 88% occupied with long-term tenants, fresh improvements, and a high-demand vacancy ready to lease. Bonus: includes an expansion parcel
8.8% CAP Rate I $119K NOI
Property is being SOLD on Comparable Approach to Value:
Income Listed Below:
UNIT 6508 Global Mart SuperMarket - 5-Yr Term
5,000 SF $10 PSF NNN
$5000 BASE - $664.25 NNN
UNIT 6510/ 6512/6516 $3,900 per month
UNIT 605 65th $1,030 per month
NOI $119,160
Strategically positioned at the signalized corner of Jackson Street and 65th Avenue, this fully renovated 18,912 SF multi-tenant retail center is situated on a 2.45-acre parcel in one of Pensacola’s most established corridors. Zoned HCD and offering five access drives, full drive-around capability, and excellent frontage, this asset is ideal for investors or owner-users seeking a turnkey opportunity with upside.
• Recently upgraded: new roof, HVAC, electrical & plumbing systems
• Fresh exterior/interior finishes, updated signage, and resurfaced parking lot
• Flexible layout with strong visibility and access
• Two long-term tenants in place:
– Sonlight Christian Center (tenant since 2015)
– AA Chapter (tenant since 2001)
• New Global Market SuperMarket - 5-YR Term
• Ideal for owner-occupier seeking passive income from existing tenants or 1031 Buyer targeting sub-$2 M retail with expansion land and proven tenant history.
Demographics:
POP - 120,985 5-MI Radius
Employees- 78,671 - 5 MI Radius
TOTAL BUSINESS SALES $8,408,964,000 5-MI Radius
Sale includes an adjacent vacant parcel offering future development or expansion potential. The property is currently on certified septic systems with future sewer access planned through Escambia County’s Jackson Street corridor revitalization project—which includes new roads, sidewalks, lighting, and landscaping enhancements
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
19,318 SF
Building Class
C
Year Built/Renovated
1964/2025
Price
$1,594,969 CAD
Price Per SF
$82.56 CAD
Cap Rate
9.76%
NOI
$155,614 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.45 AC
Zoning
HCD
Parking
90 Spaces (5.24 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Storage Space
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- NHCC, Inc
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| NHCC, Inc | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 11-2S-31-6500-000-015 | Improvements Assessment | $319,940 CAD (2025) |
| Land Assessment | $108,735 CAD (2025) | Total Assessment | $428,675 CAD (2025) |
Property Taxes
Parcel Number
11-2S-31-6500-000-015
Land Assessment
$108,735 CAD (2025)
Improvements Assessment
$319,940 CAD (2025)
Total Assessment
$428,675 CAD (2025)
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Market Place Plaza | 6508-6516 W Jackson St
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