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    5060 Bayou Blvd Pensacola, FL 32503

    For Sale
    $2,307,692

    High-performing NNN property with a strong national tenant.

    Property size:
    6,232 SF

    Property Features for 5060 Bayou Blvd

    General Information

    Size
    6,232 SF

    Building Details

    Year built
    1976

    Source: Michael Carro, CCIM Agent Michael Carro, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cordova Mall Outparcel Investment Opportunity

    This property is a prime outparcel located at Cordova Mall, a retail destination in Pensacola. The location features a national tenant with 10 years remaining on the lease. The property is surrounded by retailers and is located across the street from Sacred Heart Hospital, Pensacola State College, and Pensacola International Airport. The lease type is NNN, and the tenancy is single with 100% occupancy. The remaining lease term is 10 years, and the tenant credit is a corporate guarantee from Newk’s Eatery. The property benefits from strong traffic, with 29,000 AADT on 9th Ave and 24,500 on Bayou Blvd. The property also features on-site parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Newk's Eatery Sandwich Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Publix Catering on N. 9th Ave.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2106157
    Latitude
    30.4735738

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    FAQs

    What type of property is this?
    Restaurant - High-performing NNN property with a strong national tenant.
    Where is this restaurant located?
    The property is located at 5060 Bayou Blvd Pensacola, FL.
    What is the asking price?
    The asking price for this property is $2,307,692.
    What are key features of this property?
    This property features: - Prime outparcel location at Cordova Mall, Pensacola's top retail destination.; - Strong national tenant (Newk's Eatery) with a corporate guarantee.; - 10 years remaining on the lease.
    (850) 380-3344
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    5060 Bayou Blvd Pensacola, FL 32503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5060 Bayou Blvd Pensacola, FL 32503
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