7011 Davis HwyPensacola, FL 32504

Property Details for 7011 Davis Hwy

Year built

2024

Lot size

1.80 AC

Property size (Sq ft)

6,296 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 6,296 square-foot Jim 'N Nick's BBQ restaurant in Pensacola, Florida. Located on a 1.8-acre lot at a signalized, hard corner outparcel, this property benefits from a high-traffic location with over 60,000 cars daily at the intersection and less than a mile from Interstate 110 (81,000+ cars daily). The 15-year absolute NNN ground lease, commencing June 7, 2024, and expiring June 30, 2039, includes 10% rent bumps every five years and four, five-year renewal options. The property features a 1,344 square-foot patio, full bar, and double drive-thru. Jim 'N Nick's invested nearly $3 million in improvements and FF&E. The restaurant is situated in a dense retail corridor near Cordova Mall, Tradewinds Shopping Center, Village Oaks, and Pensacola Square, along with major retailers like Home Depot, Lowe's, Sam's Club, and Target, and numerous hotels. The area boasts strong tourism (over 2.5 million visitors in 2022), proximity to Pensacola International Airport, and a large student population from Pensacola State College and Pensacola Christian College. The site's high visibility and strong tenant—a well-established BBQ chain with 50+ locations—make this a compelling investment with a 5.50% cap rate and a Net Operating Income (NOI) of $245,000. The asking price is $4,454,545, resulting in a price per square foot of $707.52. The area's robust economy, supported by major employers like Navy Federal Credit Union and Baptist Health Care, further enhances the investment potential. This is a rare opportunity to acquire a top-performing restaurant in a prime location with a long-term, secure lease.

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4965

Longitude

-87.2224

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