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24228020
24228021

2018 North W Street, Pensacola, FL 32505 For Sale

CN
CA 02120126
Matthews
NS
CA 02245562
Matthews
Listed by Matthews
$2,600,000
155 days on market
Updated 48 days ago

CLASSIC COLLISION

Details
Property Type Industrial, Retail
Sub Type Auto Shop
Square Footage 28,382
Cap Rate 6.90%
NOI $180,000
Occupancy 100%
Tenancy Single
Brand/Tenant Classic Collision
Lease Type NNN
Remaining Term 7.5
Rent Bumps Yes
Lease Options 3,5 Year Options
Buildings 4
Acreage 2.560
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Classic Collision | 6.90% CAP | 28,382 SqFt

Investment highlights

  • NATIONAL TENANT & STRONG OPERATOR – Classic Collision is a well-established and rapidly growing national collision repair brand with over 330 locations across the U.S., providing strong credit quality and operational stability. Backed by TPG Capital, a Global Private Equity firm, actively manages over $225 billion in assets.

  • LONG-TERM NNN LEASE WITH BUILT-IN RENT GROWTH – The property features a ±7.5-year remaining term on a Triple Net (NNN) lease, under which the landlord is responsible solely for the roof and structural components. The lease includes three 5-year renewal options with 5% rent increases every five years, providing predictable income growth and long-term stability.

  • STRATEGIC LOCATION IN A GROWING MARKET – Pensacola is a growing metro in Florida with a strong local economy driven by tourism, a significant military presence, and a rising population. The property is situated adjacent to two schools, Pensacola Catholic High School and Oakcrest Elementary School, and benefits from excellent visibility, accessibility, and proximity to major traffic corridors.

  • LARGE SITE & VALUABLE REAL ESTATE – The ±28,382 SF building sits on a generous ±2.56-acre lot, offering a low building-to-land ratio, ample parking, and potential long-term redevelopment upside. Large properties with extensive parking enable tenants to accommodate more vehicles, thereby increasing their revenue.

  • LOW RENT PER SF – Sitting at $6.34/SF, in our opinion, the rent at this location is far below the average rent/sf. This provides an investor with a risk-averse asset and helps to increase tenant long term profitability and stability.

Listing Contacts

CN
CA 02120126
Matthews
NS
CA 02245562
Matthews
Listed by Matthews

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
6.92%
Cap Rate
6.92%
ROI

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Additional Information

Name
Kyle Matthews
License
BK3554632, CQ1066435 (FL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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