RETAIL NNN INVESTMENT PROPERTY

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1 RETAIL NNN INVESTMENT PROPERTY 6307 N 9TH AVE PENSACOLA, FL Michael Carro, CCIM Senior Advisor, Principal mcarro@svn.com Bryan Morelock Advisor x122 bmorelock@svn.com SVN SouthLand Commercial 120 East Main Street, Suite D, Pensacola, FL SALE BROCHURE

2 Executive Summary OFFERING SUMMARY Sale Price: $4,475,000 Cap Rate: 9.6% NOI: $430,215 Lot Size: 3.63 Acres Year Built: 2007 Building Size: 46,377 Zoning: C-2 Market: Pensacola Price / SF: $96.49 PROPERTY OVERVIEWVIEW SVN has the pleasure of presenting this +/- 46,377 SF multi-tenant retail center that has 13 tenants including Innterlight Skate shop, Pet Supermarket, Anytime Fitness, Cricket Mobile, Bikes Plus, Red Dragon Martial Arts, Cordova Lock and Safe, Pensacola Instant Press, Nail and Hair Salon and a Bingo Hall. The retail center includes 3.6 acres with 3 buildings that enjoy 370 feet of road frontage. The property is zoned C-2. Building Sizes: *Building 1-22,377 SF *Building 2-12,000 SF *Building 3-12,000 SF PROPERTY HIGHLIGHTS 46,377 SF Retail Space Strong Traffic Counts 9th Ave - 29,500 Cars Per Day Tippin Ave - 19,100 Cars Per Day Langley Ave - 12,500 Cars Per day Zoned C Parking Spaces RETAIL NNN INVESTMENT PROPERTY 6307 N 9TH AVE PENSACOLA, FL SVN SouthLand Commercial Page 2

3 Additional Photos RETAIL NNN INVESTMENT PROPERTY 6307 N 9TH AVE PENSACOLA, FL SVN SouthLand Commercial Page 3

4 Additional Photos RETAIL NNN INVESTMENT PROPERTY 6307 N 9TH AVE PENSACOLA, FL SVN SouthLand Commercial Page 4

5 Location Maps RETAIL NNN INVESTMENT PROPERTY 6307 N 9TH AVE PENSACOLA, FL SVN SouthLand Commercial Page 5

6 Location Maps RETAIL NNN INVESTMENT PROPERTY 6307 N 9TH AVE PENSACOLA, FL SVN SouthLand Commercial Page 6

7 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 6,106 50, ,139 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 2,766 21,589 45,221 # of persons per HH Average HH income $54,643 $59,844 $60,855 Average house value $227,906 $233,634 * Demographic data derived from 2010 US Census RETAIL NNN INVESTMENT PROPERTY 6307 N 9TH AVE PENSACOLA, FL SVN SouthLand Commercial Page 7

8 Demographics Report 1 MILE 3 MILES 5 MILES Total population 6,106 50, ,139 Median age Median age (male) Median age (female) Total households 2,766 21,589 45,221 Total persons per HH Average HH income $54,643 $59,844 $60,855 Average house value $227,906 $233,634 * Demographic data derived from 2010 US Census RETAIL NNN INVESTMENT PROPERTY 6307 N 9TH AVE PENSACOLA, FL SVN SouthLand Commercial Page 8

9 Advisor Bio & Contact 1 MICHAEL CARRO,, CCIMCIM Senior Advisor, Principal 120 East Main Street, Suite D Pensacola, FL T C mcarro@svn.com FL #BK PROFESSIONAL BACKGROUND Michael Carro is a CCIM and Commercial Broker Licensed in Florida and Alabama. He is a Principal at SVN SouthLand Commercial Real Estate with offices in Pensacola, Panama City and Tallahassee. Before starting SVN SouthLand Commercial, he was the 2009, 2010, 2011 & 2012 Top Producer for NAI Halford. He received the NAIOP 2010 Broker Deal of the Year Award and the NAIOP New Development of the Year in He was the Top Producer for SVN SouthLand Commercial in Restaurant Background Founded The Restaurant Realty Network and TheRestaurantRealty.com Hosts The Restaurant Realty Show weekly on News Radio In 1999 and 2000 oversaw the acquisition of 120 Hardee s Restaurant locations in Springfield, IL; Biloxi, MS; Pensacola, FL; Huntsville, Montgomery and Mobile, AL Was a member of the International Hardee s Franchise Association (IHFA) and on the purchasing committee EDUCATION Graduated from the University of Arizona with a BS in Business Administration Member of the Alpha Tau Omega fraternity Cheerleader for the University of Arizona from 1987 to MEMBERSHIPS & AFFILIATIONS Former President of Pathways For Change, a faith based sentencing option for non-violent criminal offenders. Former President of the Northeast Pensacola Sertoma and Sertoman of the Year in 2012 and Received the National President s Volunteer Service Award RETAIL NNN INVESTMENT PROPERTY 6307 N 9TH AVE PENSACOLA, FL SVN SouthLand Commercial Page 9

10 Advisor Bio & Contact 2 BRYAN MORELOCKOCK Advisor 120 East Main Street, Suite D Pensacola, FL T x122 C bmorelock@svn.com FL #SL PROFESSIONAL BACKGROUND Bryan Morelock is a licensed Commercial Real Estate Advisor for Sperry Van Ness. Based in North West Florida out of Pensacola, Bryan actively markets and sells properties throughout the entire Panhandle of Florida, South Alabama in areas that include Baldwin and Mobile Counties. Morelock has 5 years of experience real estate, specializing in Single and Multi Tenant Restaurant Acquisitions, Dispositions and Leasing. In 2014 Bryan joined the Sperry Van Ness Hospitality Product Council adding Hotel/Motel acquisitions and dispositions to his specialties, where he as since presented offerings on the national level reaching brokers/buyers from all around the U.S. EDUCATION Culverhouse College of Commerce and Business Administration at The University of Alabama 2009 MEMBERSHIPS & AFFILIATIONS Florida Association of Realtors, Pensacola Association of Realtors, Pensacola Chamber of Commerce, Northeast Sertoma RETAIL NNN INVESTMENT PROPERTY 6307 N 9TH AVE PENSACOLA, FL SVN SouthLand Commercial Page 10