For Sale
$1,739,387

6501 Davis HwyPensacola, FL 32504

High-cap rate, established tenant, strong location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 4,122 square foot, single-tenant net lease property located at 6501 N Davis Hwy, Pensacola, Florida 32504. The property, built in 1998 and situated on a 1.07-acre lot (APN: 301S306502000002), is zoned HC/LI and features a single-story building. Currently occupied by a Shrimp Basket restaurant, part of an 18-unit seafood chain with corporate ownership by Artistry Restaurant Group, this Class A property boasts a 100% occupancy rate. The lease, commenced August 1, 2016, and expiring July 31, 2030, offers a remaining term of approximately 5.7 years. The tenant is backed by a corporate guarantee, providing significant security. The property generates a substantial net operating income (NOI) of $130,454, resulting in an attractive 7.50% cap rate. The asking price is $1,739,387, translating to $421.98 per square foot. The location benefits from high visibility, with an average annual daily traffic count of 33,500 vehicles. This is a rare opportunity to acquire a stable, high-performing net lease investment in a prime retail location.

Highlights

  • 18-unit national seafood chain restaurant.
  • Outdoor patio seating per franchise requirements.
  • Owned by Artistry Restaurant Group.
  • Annual Average Daily Traffic (AADT): 33,500.

Property Details for 6501 Davis Hwy

Property type
Retail properties, Restaurants
Square Feet
4,122 SF
Class
A
Year Built
1998
Buildings
1
Stories
1
Lot Size (sq. ft)
46,609 SF

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.49200805932
Longitude
-87.223745350583
6501 Davis Hwy, Pensacola, Florida

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6501 Davis Hwy
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