5300 Davis HwyPensacola, FL 32503

This exceptional investment opportunity presents a brand-new, 800-square-foot Take 5 Oil Change located at 5300 N Davis Hwy, Pensacola, FL 32503. The property boasts a 20-year absolute NNN ground lease with a corporate guarantee from Take 5 Oil Change, a well-established national brand with over 1,000 locations and significant annual system-wide sales. The lease commenced October 22, 2024, and includes four five-year renewal options, extending the lease term to October 21, 2044. Rent increases are built-in at 2% annually, providing a strong hedge against inflation. The property sits on a 0.64-acre lot and benefits from a high-traffic location at a hard-signalized intersection of Brent Lane and North Davis Highway, with exposure to over 51,000 vehicles daily. The building, constructed in 1993 and renovated in 2023, is situated near major employers, including Baptist Health and Sacred Heart Health Systems, as well as numerous apartment complexes, colleges, and schools, ensuring a consistent customer base. The asking price is $1,363,636, representing a 5.50% cap rate and a price per square foot of $1,704.54, based on a current NOI of $75,000. The property's strategic location, strong tenant, and favorable lease terms make it an attractive investment in a no-income-tax state. The ground lease also expires October 21, 2044, with 20 years remaining.