523 Nine Mile RdPensacola, FL 32534
- Land
- 0.72 AC
Property Details for 523 Nine Mile Rd
- Lot size
- 0.72 AC
- Zone code
- HC/LI
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 10-1S-30-1102-000-060
- APU
- 101S301102000060
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 950-square-foot Dutch Bros Coffee location in Pensacola, Florida. Built in 2024, this property boasts a 15-year absolute NNN lease with a substantial tenant contribution of $585,000 towards construction costs. The lease includes built-in 10% rent increases every five years, ensuring consistent income growth. The property sits on a large 0.75-acre lot, significantly larger than the average Dutch Bros location, and features a double drive-thru for optimal efficiency. Located on West 9 Mile Road, with over 37,500 vehicles per day, and adjacent to Pensacola Boulevard (40,000 VPD), this site benefits from exceptionally high traffic counts. The property's strategic location is further enhanced by the planned development of a new Costco less than a mile away, promising continued growth in the area. The asking price is $2,857,142, representing a 5.25% cap rate and a net operating income (NOI) of $150,000. This is a rare opportunity to acquire a passive income-generating asset anchored by a strong, nationally recognized tenant in a rapidly developing market. The property's size, lease terms, and location combine to create a compelling investment proposition with significant long-term potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $4,888,264
- Hospitality
- $4,477,624
- Educational
- $3,725,330
- Medical
- $3,853,450
- Retail
- $5,794,958
Location Insight
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Latitude
- 30.5329
- Longitude
- -87.2798
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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