For Sale
$2,857,142

523 Nine Mile RdPensacola, FL 32534

Pensacola, FL: Absolute NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 950-square-foot Dutch Bros Coffee location in Pensacola, Florida. Built in 2024, this property boasts a 15-year absolute NNN lease with a substantial tenant contribution of $585,000 towards construction costs. The lease includes built-in 10% rent increases every five years, ensuring consistent income growth. The property sits on a large 0.75-acre lot, significantly larger than the average Dutch Bros location, and features a double drive-thru for optimal efficiency. Located on West 9 Mile Road, with over 37,500 vehicles per day, and adjacent to Pensacola Boulevard (40,000 VPD), this site benefits from exceptionally high traffic counts. The property's strategic location is further enhanced by the planned development of a new Costco less than a mile away, promising continued growth in the area. The asking price is $2,857,142, representing a 5.25% cap rate and a net operating income (NOI) of $150,000. This is a rare opportunity to acquire a passive income-generating asset anchored by a strong, nationally recognized tenant in a rapidly developing market. The property's size, lease terms, and location combine to create a compelling investment proposition with significant long-term potential.

Highlights

  • Absolute NNN lease with zero landlord responsibilities.
  • Brand new construction.
  • Dutch Bros contributed $585,000 to building construction.
  • 15-year lease with 10% rent increases every 5 years.
  • 0.75-acre lot, double the size of most coffee stands.
  • Investment-grade tenant: Dutch Bros Coffee (NYSE: BROS).

Property Details for 523 Nine Mile Rd

Property type
Retail properties, Restaurants
Square Feet
950 SF
Year Built
2024

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.532851
Longitude
-87.279769
523 Nine Mile Rd, Pensacola, Florida

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523 Nine Mile Rd
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