www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31094792
31097674

8969 Pensacola Blvd, Pensacola, FL 32534

SR
FL CQ1059597, CA 02101543 (+42)
ParaSell Inc
MM
CA CA 02117365
Century Partners RE
MK
CA CA 01995909
Century Partners RE
Listed by ParaSell Inc, Century Partners RE
$1,982,400
110 days on market
Updated 37 days ago

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 (+5)
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

SR
FL CQ1059597, CA 02101543 (+42)
ParaSell Inc
MM
CA CA 02117365
Century Partners RE
MK
CA CA 01995909
Century Partners RE
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

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Scott Reid
License
CQ1059597
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591