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Property profile & analytics
FOR LEASE
Retail properties & Spaces

7171 N Davis Hwy Pensacola, FL 32504

130,854 SF 7.5 ac lot Built 1975
Entity Owned Absentee Owner Free & Clear
Property ID
US18-5907103
Property summary
AI-generated overview

University Town Plaza, located at 7171 N Davis Hwy in Pensacola, Florida (zip code 32504), presents a compelling retail investment opportunity. This single-story, 22,859 square foot power center, built in 2013, sits on a sizable 53.513-acre lot and is zoned HC/LI. Currently, there are three available spaces ranging from 1,564 to 1,840 square feet, totaling 3,680 square feet of vacant space. The minimum divisible space is 1,840 square feet, with a maximum contiguous space also at 1,840 square feet. The property boasts a strong tenant mix, including major anchors such as BJ's Wholesale, Burlington, Academy Sports + Outdoors, and JCPenney. Additional tenants include Cheddar's Restaurant, Texas Roadhouse, Moe's Southwest Grill, Jimmy John's, and Taylor's Breakfast, creating a vibrant and well-established retail environment. This prime location offers excellent visibility and accessibility, making it an ideal space for a variety of retail businesses. The property's transformation from a former enclosed mall into a thriving open-air center positions it as a premier retail destination in Pensacola. This is a rare opportunity to acquire space in a high-performing, well-established power center with significant anchor tenants and strong foot traffic. The property's size and location make it an attractive investment for businesses seeking a prominent presence in a growing market.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1975
Construction CONCRETE
Total area 130,854 SF
Lot 7.5 ac (326,787 SF)
Zoning code HC/LI
APN 30-1S-30-3104-000-002
UPID US18-5907103
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tyler Kercher - State Farm Insurance Agent Insurance Agency
  • Budget Car Rental Car Rental Facility
  • Avis Car Rental Car Rental Facility
  • University Town Plaza Shopping Center & Mall
  • JCPenney Optical - STORE CLOSING SOON Eye Care Center Contact Lenses Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.67M
Blend (final) Blend
$7.67M
Owner & transaction history
Rcg Pensacola Viii LLC
Rcg Pensacola Viii LLC
since 2026
4 recorded transactions
2026
$33.0M
2014
Price N/A
2011
$1.8M
2005
$7.3M
Zoning & alternative use
HC/LI · Pensacola, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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