5300 Davis HwyPensacola, FL 32503

Property Details for 5300 Davis Hwy

Lot size

0.02 AC

Zone code

COM

Property type

Land

Property subtype

Commercial land

APN

48-1S-30-7213-000-000

APU

481S307213000000

Description

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.

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.475

Longitude

-87.2242

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].