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New construction
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New long-term lease
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Nationally recognized brand
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Strong tenant: Goodwill Easter Seals of the Gulf Coast (25 retail stores/donation centers)
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Rent increases: base rent increases in year 6 and 11 of the primary lease term
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Net lease: tenant is responsible for taxes, insurance, maintenance and utilities
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Dominant retail corridor: there is over 13,400,000 SF of retail within 5 miles.
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Dense 5-mile demographics: 126,000 population; $59,000 average household income; 5,000 housing units
GOODWILL
1715 East Olive Rd. | Pensacola, FL 32514
Square Footage: ± 26,516
Year Built: 2016
NOI: $312,889
Acreage: ± 4.19
Primary Lease Terms: 20 years
Price: $5,200,000
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