For Sale
$1,633,417

709 Navy BlvdPensacola, FL 32507

Pensacola, FL Restaurant - Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A retail investment opportunity presents a 3,444 square foot Shrimp Basket restaurant in Pensacola, Florida. Located at 709 N Navy Blvd, this single-tenant, net-lease property boasts a strong 7.50% cap rate and a substantial remaining lease term of approximately 5.7 years (expiring July 31, 2030). The property, built in 2015, sits on a 0.93-acre lot and benefits from high visibility with 43,000 cars passing daily. The tenant, part of an 18-unit seafood chain, has consistently maintained 100% occupancy since the lease commencement on August 1, 2016. The property features a desirable outdoor patio, a key element of the Shrimp Basket brand. The asking price is $1,633,417, translating to a price per square foot of $474.28. This investment offers a secure, long-term income stream with a proven tenant in a high-traffic location, just 10 minutes from Pensacola Naval Hospital. The property is zoned COM and comprises a single, one-story building. The Net Operating Income (NOI) is $122,486. This is a rare opportunity to acquire a well-established, high-performing restaurant property in a prime Pensacola location.

Highlights

  • Class A, 3,444 SF Shrimp Basket restaurant in Pensacola, FL, on a 0.93-acre lot.
  • Strong 7.50% cap rate with a 5.7-year lease remaining (expiring 7/31/2030).
  • High-visibility location with 43,000 cars passing daily; $1,633,417 asking price ($474.28/SF).
  • Part of an 18-unit corporate seafood chain with a desirable outdoor patio; $122,486 NOI.

Property Details for 709 Navy Blvd

Property type
Retail properties, Restaurants
Square Feet
3,444 SF
Class
A
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
40,511 SF
Units
1

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.3996297
Longitude
-87.2780557
709 Navy Blvd, Pensacola, Florida

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709 Navy Blvd
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