Investment Offering Sorrento Plaza - 10411 Sorrento Road Pensacola, FL. 32507 - LoopNet
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Investment Offering
Sorrento Plaza
10411 Sorrento Road
Pensacola, FL. 32507
86.8% Occupied
Strong Tenant Mix
35,500 CPD Combined 2018
Professionally Managed Center
24 West Chase Street Suite 100
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND
THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR Pensacola, FL 32502
FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES
OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.t
+1 850 433 0577
naipensacola.com
Investment Offering
Sorrento Plaza
10411 Sorrento Road
Pensacola, FL. 32507
Tina Tortomase, MiCP
+1 850 430 1520 • ttortomase@naipensacola.com
DeeDee Davis, SIOR MiCP
+1 850 430 1503 • ddavis@naipensacola.com
24 West Chase Street Suite 100
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND
THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR Pensacola, FL 32502
FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES
OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.t
+1 850 433 0577
naipensacola.com
10411 Sorrento Road
Investment Offering:
Pensacola, Florida 32507
Price: $5,265,550 $142.46 psf
Sale Type: Investment Cap Rate: 7%
Property Type: Retail Center Year Built: 2006
Lot Size: 15.78 AC Zoning: COM C1
Parcel # 133S311202000001
ABOUT SORRENTO PLAZA
New Investment Offering | Sorrento Plaza-Shadowed
Retail Strip | Pensacola Florida
NAI Pensacola, as exclusive broker, is pleased to present for sale,
Sorrento Plaza Shopping Center comprised of three buildings
measuring 36,960 ± SF. The multi-tenant retail strip center is shadow-
anchored by Walmart directly across the street, located in Pensacola
Florida. Strategically-positioned between Waffle House and Sonic,
within a vibrant retail nucleus, Sorrento Plaza benefits from the
shadow anchors.
The tenant mix is comprised of 86.8% retailers with an average tenure
at the Property of 10 years. Vallarta’s restaurant, Hershey, Yu Yu House,
Advance America, Go Wireless, Cuts by Us and T&L Nails which has
operated successfully at the property since 2006 and continually
renews, reconfirming its commitment to the location. Retail Sales for
2019 within a three-mile radius total $1,376,503,000. Other tenants
include Perdido Health Club, H&R Block, Jims Firearms, The Little
Gym, Go Wireless, Phoever Noodle, Gamestop, Accentria Insurance and
Clearway Clinic.
Tina Tortomase, MiCP
24 W. Chase St, Suite 100 +1 850 430 1520• ttortomase@naipensacola.com
Pensacola, FL 32502
+1 850 433 0577 DeeDee Davis, SIOR MiCP
naipensacola.com +1 850 430 1503 • ddavis@naipensacola.com
Sorrento Plaza
Pensacola, Florida 32507
Tina Tortomase, MiCP
24 W. Chase St, Suite 100
+1 850 430 1520• ttortomase@naipensacola.com
Pensacola, FL 32502
+1 850 433 0577 DeeDee Davis, SIOR MiCP
naipensacola.com +1 850 430 1503 • ddavis@naipensacola.com
Sorrento Plaza
Pensacola, Florida 32507
Tina Tortomase, MiCP
+1 850 430 1520• ttortomase@naipensacola.com
24 W. Chase St, Suite 100
Pensacola, FL 32502
+1 850 433 0577 DeeDee Davis, SIOR MiCP
naipensacola.com +1 850 430 1503 • ddavis@naipensacola.com
Sorrento Plaza
Site Information
HIGHLIGHTS
• Located on Sorrento Road just off Blue Angel
Parkway, a major artery leading to Pensacola
Naval Air Station, National Naval Air Museum and
Pace Medical Park
popular family tourist destination “Perdido Key
National Seashore”.
• Sorrento Plaza is strategically-positioned between
Waffle House and Sonic and benefits from the
shadow-anchored Walmart Super Center directly
across the street. Extremely high traffic location
Land Description: at a signalized intersection of Sorrento Road and
Land- 15.78 AC +/- Blue Angel Parkway with a combined traffic count
of 35,000 VPD
Dimensions- 667’ x 1500’ x 1,897’x 550’ (+/-)
• Advantageous 86.8% occupied with established
Zoning – COM
tenants.
Frontage- 667 FT Frontage
Parking Spaces- 174+ surface spaces in front of • High-growth market characterized by 41,462K
building. Ample rear parking pop within 3-miles, projected annual growth rate
across back for personnel.
of .89% through 2024 and average projected HH
Access- Median Cut, Decel income of 82K within 5 miles radius.
24 W. Chase St, Suite 100
Pensacola, FL 32502
+1 850 433 0577
naipensacola.com
Premiere Location
Directly Across from HVS Walmart
ABOUT OUR TENANTS:
Sorrento Plaza has a high Tenant retention rate of 85% since 2006. Seven
out of sixteen tenants have occupied space since 2006 when the buildings
were initially built. All Tenants are currently solid with annual increases and
three to five-year options. All leases are NNN.
UNIT TENANT SF LEASE END
100 Sam’s Dollar 1,400 04/2020
101 Vacant 1,400
102 YuYu House 1,400 03/2024
Winkles
103 Hershey’s 1,400 08/2021
Pharmacy
104 TLG Fitness 4,200 10/2020
106 Vallarta’s 2,800 03/2021
107 H&R Block 1,400 04/2020
200 Jims Firearms 2,800
SS Dixon Primary
03/2021
202 T&L Nails 3,500 05/2022
203 Clearway Clinc 2,100 09/2024
204 Advance America 1,400 06/2020
205 The Little Gym 2,800 08/2028
Location Highlights 300 Go Wireless 1,400 10/2022
301 Cuts by Us 1,400 10/2020
• 36,500 CPD 2018 302 Phoever Noodle 1,400 05/2022
303 Gamestop 1,400 06/2020
• Quick I-10 Access 304 Vacant 1,400
305 Accentria Insurance 2,800 10/2022
• Located on Expanding Trade Corridor
24 W. Chase St, Suite 100
Pensacola, FL 32502
+1 850 433 0577
naipensacola.com
Premiere Location
Heavily Expanding Trade/Commuter Corridor
SS Dixon Primary
24 W. Chase St, Suite 100
Pensacola, FL 32502
+1 850 433 0577
naipensacola.com
You can also read
