Tower Investments

Property Information

• Fairfield Crossing is a 49,768 sq.ft. shopping center located at 4345 West Fairfield Avenue in Pensacola, Florida, near the busy intersection of West Fairfield Drive and Mobile Highway.  The center is located due north of the Pensacola Naval Air Station.
  
  
• The center is 96% leased.  Tenants include:
  
  Office Depot (NASDAQ: ODP) is a leading B2B integrated distribution company providing business services and supplies and products and technology solutions through its 1,378 stores, online presence and dedicated sales professionals and technicians to small, medium and enterprise businesses.  Founded in 1986, Office Depot and its affiliate brands generated $10.24 billion in total revenue.
  
  Ross Dress for Less (Ross Stores, Inc.) is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2018 revenue of $15.0 billion.  The company operates the largest off-price apparel and home fashion chain in the United States with 1,480 locations in 38 states, the District of Columbia and Guam.  The company also operates 237 dd’s DISCOUNTS in 18 states that feature more moderately-priced assortment of name brand apparel, accessors, footwear, and home fashions.
  
  
• The center sits on 5.526 acres zoned HC/LI, Heavy Commercial, Light Industrial.
  
  
• The property is served by 220 paved parking space with 8 handicap-accessible spaces and 212 normal vehicle spaces.  The property is accessed by two curb cuts from Mobile Highway and two curb cuts from West Fairfield Drive.
  
  
• The property is at the southeast corner of Highway 90 (the legacy east-west corridor through Pensacola) with 34,500 VPD and W. Fairfield Drive (24,000 VPD).  With 73,920 people living within a 3-mile radius, this makes the property sit within one of the densest trade areas in the Pensacola market.
  
  
• The property shares the main entrance with and is located directly contiguous to Lowes Home Improvement Center.  Chilis, Burger King, and AutoZone are out parcels to the shopping center.
  
  
• Pensacola is located in Florida’s panhandle and is surrounded by 50-plus miles of coastline which includes the Gulf of Mexico waters and crystal-clear bay areas.  Pensacola Naval Air Station, the Cradle of Naval Aviation, has trained every naval aviator since the dawn of naval aviation and is home to the word-famous Blue Angels flight demonstration team.  The NAS currently employs more than 16,000 military and 7,400 civilian personnel.  Pensacola’s downtown Palafox waterfront is approximately 5 miles away, just a short 15-minute drive.  The Pensacola International Airport which offers non-stop service to 9 major US cities, over 1,300 domestic flights, and 21 international flights via six major airlines is 15 miles to the east.
  
  
• For more information, please contact
  Matt Marks
  Tower Investments, LLC
  250 W. Main St., Suite 101
  Woodland, CA 95695
  (530) 668-1000 – telephone
  (530) 666-5574 – facsimile
  mattmarks@towerinv.com
  www.towerinv.com