8990-9000 Pensacola Blvd
Pensacola, FL 32534

Sean Glickman, CCIM, with the Milano–Glickman Retail Team and Executive Managing Director at Colliers International is proud to offer for sale Palafox Square, a 43,462 SF Walmart Supercenter shadow anchored shopping center located in Pensacola, Florida. The property is 100% occupied by an impressive line-up of five (5) national, credit-worthy tenants, four (4) of which (93% of the GLA) that have a track record of success at this location since the shopping center was built in 2002. This is an excellent opportunity for an investor to acquire a stabilized shopping center that is shadow anchored by Walmart Supercenter and boasts an ideal national tenant roster with a high historical occupancy. Investment Highlights Shadow anchored by Walmart Supercenter 100% occupied by national retailers and has been since the property was built in 2002 All tenants have recently renewed, long-term leases with guarantees Four (4) out of five (5) tenants have over a fifteen (15) year track record of success at this property Positioned along a major roadway that sees 43,000± VPD Excellent retail sub-market in the Pensacola MSA with very little vacancy Just south of the intersection of two major roadways with an agglomeration of national big-box retailers Strategically designed to accommodate new tenants if the current ones were to vacate Stable rent roll with future upside potential Close to 10% cash-on-cash return day one.