net lease OFFERING 
STARBUCKS/NOTHING BUNDT CAKES/JIMMY JOHN'S
PENSACOLA, FLORIDA
investment
overview
The CBRE Net Lease Property Group is pleased to exclusively offer a 4,960-square-foot, three-tenant retail building that is 100% leased on a long-term basis to Starbucks, Nothing Bundt Cakes and Jimmy John’s as follows:
  • Starbucks | 10 years | 2,200 SF | 10% rent increases every five years
  • Nothing Bundt Cakes | 10 years | 1,500 SF | 10% rent increase every five years
  • Jimmy John’s | 10 years | 1,260 SF | 4% rent increases every two years
The property, which is newly constructed, is ideally located on 0.89 acres in the heart of Downtown Pensacola, Florida (MSA Population: 478,043). The site is situated with excellent access and visibility on a hard corner at the intersection of East Gregory Street (Traffic Count: 17,500 VPD) and North 10th Avenue, just 0.2 miles east of the ramp to Interstate 110 (Traffic Count: 55,000 VPD). The property is also strategically positioned immediately adjacent to Franco’s Italian Restaurant and Wendy’s, across from Whataburger and The Melting Pot, and proximate to Outback Steak House, Carrabba’s Italian Grill, Another Broken Egg Cafe, Saltgrass Steakhouse, Waffle House, Rodizio Grill, Gulf Coast Brewery, McGuire’s Irish Pub and a strip center anchored by Newk’s Eatery, Five Guys and Verizon, among many other retailers. The site also benefits from its position within Downtown Pensacola’s dominant retail and commercial corridor (3.7 MSF of retail, 6.4 MSF of office, 4.2 MSF of industrial and 1,459 multifamily units within a 3-mile radius).  
CONTACT
US
WILL PIKE
Managing Director
+1 404 923 1381
will.pike@cbre.com

BRIAN PFOHL
Capital Markets Manager
+1 404 504 7893
brian.pfohl@cbre.com
CLIFF TAYLOR
Senior Vice President
+1 904 630 6355
cliff.taylor@cbre.com

CHRIS BOSWORTH
Managing Director
+1 404 923 1486
chris.bosworth@cbre.com
 
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