Jim 'N Nick's | 7011 N Davis Hwy
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Jim 'N Nick's 7011 N Davis Hwy
4,162 SF 100% Leased Retail Building Pensacola, FL 32504 $6,398,667 CAD ($1,537 CAD/SF) 5.50% Cap Rate
Investment Highlights
- GREAT VISBILITY IN MAJOR COMMERCIAL CORRIDOR
- CORPORATE LEASE W/ A GROWING BRAND
- STRONG LEASE FUNDAMENTALS
Executive Summary
STRONG LEASE FUNDAMENTALS
- Fifteen year initial term
- 10% rent increase every 5 years and during options periods
- Absolute NNN Ground lease with no early termination clause
- Three (3) - Five (5) year option periods
CORPORATE LEASE W/ A GROWING BRAND
- Lease signed with Jim ‘N Nicks corporate
- 50 total locations, with plans to open 30 more in the next 3 years
GREAT VISBILITY IN MAJOR COMMERCIAL CORRIDOR
- Over 390 linear feet of road frontage on N. Davis Hwy (42.5K VPD)
- Over 2.2MSF of retail space located in a 1-mile radius
- Outparcel to the University Town Plaza boasting 566k sqft
- Anchor tenants include: Academy Sports + Outdoors and JCPenney
NEARBY ECONOMIC DRIVERS
- Site is less than 3 miles to Baptist Health Care Center which employs over 6,500
- The facility is a $650 Million dollar complex that includes a 10-story 268 bed hospital
- Approximately 3.5 miles to Pensacola International Airport
NEW CONSTRUCTION
- Newly built Jim ‘N Nicks with double drive-through
- Jim ‘N Nick’s allocated nearly $3 million of their own funds towards upgrades and FF&E
- Oversized 1.8 acre parcel providing a great parking ratio and providing future redevelopment upside
MAJOR VACATION MARKET
- In 2023 Pensacola had over 2.5 Million visitors with an economic impact of over $2 Billion
- Direct tourism spending exceeded $1.317B in 2023
- The city is ranked in the top 100 cities for cost of doing business per (Forbes.com)
- Fifteen year initial term
- 10% rent increase every 5 years and during options periods
- Absolute NNN Ground lease with no early termination clause
- Three (3) - Five (5) year option periods
CORPORATE LEASE W/ A GROWING BRAND
- Lease signed with Jim ‘N Nicks corporate
- 50 total locations, with plans to open 30 more in the next 3 years
GREAT VISBILITY IN MAJOR COMMERCIAL CORRIDOR
- Over 390 linear feet of road frontage on N. Davis Hwy (42.5K VPD)
- Over 2.2MSF of retail space located in a 1-mile radius
- Outparcel to the University Town Plaza boasting 566k sqft
- Anchor tenants include: Academy Sports + Outdoors and JCPenney
NEARBY ECONOMIC DRIVERS
- Site is less than 3 miles to Baptist Health Care Center which employs over 6,500
- The facility is a $650 Million dollar complex that includes a 10-story 268 bed hospital
- Approximately 3.5 miles to Pensacola International Airport
NEW CONSTRUCTION
- Newly built Jim ‘N Nicks with double drive-through
- Jim ‘N Nick’s allocated nearly $3 million of their own funds towards upgrades and FF&E
- Oversized 1.8 acre parcel providing a great parking ratio and providing future redevelopment upside
MAJOR VACATION MARKET
- In 2023 Pensacola had over 2.5 Million visitors with an economic impact of over $2 Billion
- Direct tourism spending exceeded $1.317B in 2023
- The city is ranked in the top 100 cities for cost of doing business per (Forbes.com)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,162 SF
Year Built
2024
Price
$6,398,667 CAD
Price Per SF
$1,537 CAD
Cap Rate
5.50%
NOI
$351,930 CAD
Percent Leased
100%
Building Height
1 Story
Nearby Major Retailers
1 of 6
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Jim 'N Nick's | 7011 N Davis Hwy
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