Listed by ParaSell Inc, Century Partners RE
$1,982,400
Midas | 20 Year NNN | Pensacola FL
Details
APN 11-1S-30-1101-007-330
Property Type Retail
Sub Type Auto Shop
Square Footage 5,472
Net Rentable (SqFt) 5,472
Units 1
Cap Rate 6.25%
NOI $123,900
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change
Lease Type Absolute NNN
Remaining Term 20
Rent Bumps Yes
Lease Options (4), 5-year
Price per SqFt $362
Broker Co-Op Yes
Year Built 1976
Year Renovated 2026
Buildings 1
Stories 1
Acreage 0.590
Zoning HC/LI - Heavy Commercial/ Light Industrial
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback
Walmart Shadow Anchored | Newly Renovated
Investment highlights
Investment Highlights
- Brand New 20 Year Absolute NNN lease
- Irreplaceable location along US-29 between US-90 and I-10
- Direct frontage and visibility to 42,000+ vehicles daily
- Newly Renovated Midas Building positioned for long term occupancy
Market Highlights
- Directly across from 220,000 SF Walmart Super Center shopping center
- Centrally located within the US 29 retail corridor
- Surrounded by National Anchor Tenants: Walmart Supercenter, Home Depot, Lowe’s, Tractor Supply, and Harbor Freight Tools
- Synergistic auto service co-tenancy including used car dealers, specialty automotive shops and more
Tenant Highlights
- Rapidly Growing Tenant: Legacy Auto Group is one of the fastest-growing automotive franchise groups in the country, operating 36 locations across 11 states.
- Legacy Auto Group is recognized for a strong customer-first culture and high-volume sales, driving long-term stability and sustained success.
- Midas: Established international auto care brand with 2,000+ locations worldwide.
Listing Contacts
Listed by ParaSell Inc, Century Partners RE
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,900.00
$10,325.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
