Nettlewood Plaza

• Attractive Cap Rate — The asset is fully stabilized and 100% occupied, delivering a 7.00% Year 1 Cap Rate with no lease-up risk.
• Below Replacement Cost — The purchase price sits below current construction costs, giving a buyer an income-producing asset for less than it would cost to build today.
• Premier Hwy 90 Frontage — The center has strong visibility along Hwy 90 (+37,532 VPD), one of the busiest corridors in Santa Rosa County.
• Adjacent Development Upside — A +0.3 AC parcel of developable land is included in the sale, giving a buyer optionality for future outparcel or expansion use.
• Staggered Lease Expirations — A 3.1-year WALT with staggered rollover limits near-term exposure to multiple lease expirations at once.
• Thriving Pensacola MSA — The Pensacola MSA’s population continues to expand, with Pace serving as one of its fastest-growing residential nodes. Thousands of new homes are in the pipeline, led by the 2,700-acre Jubilee master-planned community (entitlements for up to 8,000 units) alongside Pace Commons, Lakes of Woodbine, and Stonechase, bringing a steady stream of new rooftops to the trade area.
• Strong Household Incomes — Average household income within 5 miles is $97,723, above regional norms and supportive of consumer spending.