709 Navy BlvdPensacola, FL 32507

Property Details for 709 Navy Blvd

Year built

2015

Construction

WOOD

Lot size

0.96 AC

Property size (Sq ft)

3,663 SF

Zone code

COM

Property type

Retail properties

Property subtype

Turn key restaurants

APN

52-2S-30-2000-000-016

APU

522S302000000016

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $729,263

  6.5%

  $673,166

  7%

  $625,082

• Comparable approach

  Method

  Valuation

  Relative Method

  $624,756

  Geo Method

  $656,215

• Alternative Use

  Use

  Valuation

  Residential

  $567,840

  Hospitality

  $520,139

  Educational

  $432,749

  Medical

  $447,632

  Retail

  $673,166

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.3996

Longitude

-87.2782

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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