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701 E Nine Mile Rd 2,500 SF Retail Building Pensacola, FL 32514 $1,384,173 CAD ($553.67 CAD/SF) 9% Cap Rate
Investment Highlights
- Costco Development: Green Dragon is sitting just 0.8 miles from a future Costco Development which is the brand’s first store in the Florida Panhandle.
- Affluent Demographics: Within 5 miles, there are more than 112,000 residents with an average household income of nearly $95,000.
- University Proximity: The University of West Florida and its 15,000 students are just 2.5 miles from the subject property.
Executive Summary
1. Major university proximity: Green Dragon’s location is just 2.5 miles from the University of West Florida. The 1,600-acre campus is home to nearly 15,000 students and this consistent daily traffic and young consumer base can support retail in this area for decades to come.
2.First Costco in Pensacola: Costco has received final approval to develop a 172,580 square foot warehouse and fuel station along Nine Mile Road, the first of its kind in the Pensacola market. This warehouse will be 0.8 miles from the subject property and will drive substantial additional traffic to the immediate trade area.
3.Dense and Affluent Population Base: The property is positioned in the heart of a thriving corridor supported by a large and prosperous consumer base. Within a 5-mile radius,
more than 112,000 residents call this area home, with average household income approaching $95,000.
Property Facts
Amenities
- Corner Lot
- Wheelchair Accessible
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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$9.99
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Green Dragon operates premium marijuana dispensary locations throughout Colorado, offering top-quality products at the best prices. Whether you’re a cannabis connoisseur or this is your first time purchasing from a marijuana dispensary in Colorado, we’ve got a product that suits your needs. Our cannabis is grown in state-of-the-art cultivation facilities, ensuring that it meets the highest standards. Green Dragon offers a different type of shopping experience from the traditional marijuana dispensary. No high-pressure sales; just great customer service with our friendly, knowledgeable staff.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-1S-30-1001-007-001 | Improvements Assessment | $227,174 CAD |
| Land Assessment | $114,812 CAD | Total Assessment | $341,986 CAD |
Property Taxes
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701 E Nine Mile Rd
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