American Family Care & H&R Block 4850 Mobile Highway, Pensacola, FL Cap Rate 6.82% Pensacola (Pensacola, Florida, US ) Built

$2,670,188 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 7,300 sq. ft.
  • Development Level: Built

Description

American Family Care & H&R Block 4850 Mobile Highway, Pensacola, FL Cap Rate 6.82%

Cap Rate: 6.82%
NOI: $182,107
Building Size: 7,300 sqft
Tenancy: Multiple

Price: $2,670,188 USD

DESCRIPTION
CPSF is pleased to present a new construction, two-tenant strip (American Family Care Urgent Care and Nail Salon), and existing single tenant building (H&R Block) on Mobile Highway in Pensacola, Florida.

The 5,300 square foot, two-tenant strip and 2,000 square foot H&R Block are prominently positioned in front of a parcel that will be a new Aldi Grocery store (anticipated opening December 2021). The subject property is located directly across from a new Discount Tires (NEC) and a new Dunkin Donuts (SWC). A Walmart Supercenter is a 3-minute drive down the street, and other nearby retailers include Lowe’s, The Home Depot, Office Depot, Chili’s, Denny’s, Pep Boys, Auto Zone and Walgreens.

American Family Care, a 180-unit operator which has been in business since 1982, has a 12-year NNN lease which features a 5% increase in the 6th year, and 8% bumps at the beginning of each 5 year option. The Nail Salon, which will be the operator’s 3rd unit, has a 10-year NNN lease which features 1.5% annual increases. H&R Block has successfully operated out of this location for 15 years, and is on an NN lease (landlord responsible for roof only). It has approximately 1 year left on the lease with below-market rent.

HIGHLIGHTS
• Adjacent to soon-to-be constructed Aldi Grocery Store (opening est. Dec 2021)
• Tax-Free State
• Immediate trade area and Panhandle Region undergoing massive transformation
• Traffic counts exceed 37,500 VPD with excellent visibility along Mobile Hwy
• American Family Care (new building) is on a 12-year primary term, NNN lease
• Nail Salon (new building) is on a 10-year primary term, NNN lease with 1.5% annual increases
• Strong neighboring tenants include a Walmart Supercenter, Walgreens, Lowes and The Home Depot

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#444503596
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Information is deemed to be correct but not guaranteed.