Location of Project:
1540 Airport Boulevard, Pensacola, Florida
Property Type: Multi-Tenant Retail
Property Size: 7,400 SF
Land Size: 1.22 Acres
Investor Status: 23.68% IRR
Located in the most desirable retail trade area of Pensacola, this 7,400 square foot ground up development was constructed in 2013. Prior to construction, Granger Development negotiated for the acquisition of the last undeveloped site in the area through an off-market transaction and
secured two long-term leases with national tenants Jason’s Deli and Sleep Number for this build-to-suit. Granger Development continues to hold this asset and it remains 100% occupied.