High-Traffic NNN Retail
For Sale
Contact for pricing
Pending
5955 West 9 Mile Road, Pensacola, FL 32526
Absolute net retail offering with a recent lease extension in a high-traffic corridor.
Property Size9,026 SF
Days on Market56
Property Features for 5955 West 9 Mile Road
General Information
Standard status
Pending
Size
9,026 SF
Property subtype
Retail
Building Details
Year Built
2011
Listing Agency:
CBRE - Saddle Brook
Listed By:
Karly Iacono · License #NJ 0345216
Source:
Crexi
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 24 at 5:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Saddle Brook
Investment Insights
Based on property information with market context.
This for-sale NNN retail storefront property is offered on an absolute net basis. The asset totals 9,026 square feet and is currently supported by a recent lease extension, providing continued income under the existing lease structure.
Located at 5955 West 9 Mile Road in Pensacola, Florida, the property is positioned in a high-traffic area, which can support tenant visibility and customer access for compatible retail uses.
For buyers seeking an absolute net retail investment with a recent lease extension, this storefront format and NNN structure may align well with a hands-off operating approach. The high-traffic setting is a practical consideration for operators looking for steady storefront exposure while the existing lease continues.
Located at 5955 West 9 Mile Road in Pensacola, Florida, the property is positioned in a high-traffic area, which can support tenant visibility and customer access for compatible retail uses.
For buyers seeking an absolute net retail investment with a recent lease extension, this storefront format and NNN structure may align well with a hands-off operating approach. The high-traffic setting is a practical consideration for operators looking for steady storefront exposure while the existing lease continues.
Key Highlights
- Year built: 2011
- Absolute net retail offering
- Recent lease extension
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.5k | $18.00 |
| − Vacancy | −$16.7k | −$1.85 |
| EGI | $145.7k | $16.15 |
| − OpEx | −$43.7k | −$4.84 |
| NOI | $102.0k | $11.30 |
9,026 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.70M
NOI $102,014 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,431 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
95k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 32%
Dining 21%
Beauty & Spa 2%
Publix
Groceries
29,248 visits/mo
0.2 miles
Circle K
Shops & Services
24,962 visits/mo
0.1 miles
McDonald's
Dining
19,143 visits/mo
0.2 miles
Tom Thumb Food Stores
Shops & Services
11,190 visits/mo
0.1 miles
Dollar General
Shops & Services
6,989 visits/mo
0.0 miles
Demographics for 32526, FL
43,029
Population
18,478
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
58.4 sq mi
ZIP Area
737
Density / Sq Mi
$71,651
Median Household Income
$40,565
Median Earnings
$1,287
Median Rent
$230,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Absolute net retail offering with a recent lease extension in a high-traffic corridor.
Where is this storefront property located?
The property is located at 5955 West 9 Mile Road Pensacola, FL.
What is the asking price?
The asking price for this property is $1,501,570.
What are key features of this property?
This property features: Year built: 2011; Absolute net retail offering; Recent lease extension
