2200 W Nine Mile Rd - Freestanding FOR SALE


Pensacola, FL 32534
$3,291,000 USD
602-687-6780
2200 W Nine Mile Rd, Pensacola, FL for Sale
$3,291,000 USD
Freestanding - FOR SALE
1/5
null | 5.75% Cap Rate

2200 W Nine Mile Rd
Pensacola, FL 32534


HIGHLIGHTS

  • 100% Leased to Starbucks and Verizon, Two Established National Tenants
  • Verizon Recently Executed a 5-Year Lease Extension / Starbucks Previously Executed Two Options Early to Extend the Lease an Additional 10 Years
  • Both Tenants Feature NNN Leases with Regular Rental Increases
  • New Roof in 2024 with a 20-Year Warranty
  • Signalized Hard Corner Location, Easily Accessible by 56,000+ Cars per Day
  • 3 Miles from Navy Federal Credit Union's Corporate Campus (10,000 Employees)

OVERVIEW

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 87 markets globally. The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. Starbucks company-operated stores are typically located in high-traffic, high-visibility locations. Verizon is the largest wireless telecommunications provider in the United States. The company offers the largest 4G LTE network in America and the nation’s largest high-speed 3G network. Approximately 99% of the U.S. population is covered by Verizon’s 4G LTE, and more than 230 million people are covered by 5G Nationwide. Located in Florida’s panhandle, Pensacola is surrounded by 50-plus miles of coastline which includes the emerald-green Gulf of Mexico waters and crystal clear bay areas. This makes Pensacola the perfect combination of a relaxed beach town and a bustling metropolitan center.

FOR SALE DETAILS

PRICE

$3,291,000 USD

PRICE/SF

$833 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks & Verizon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

C-2

APN/PARCEL ID

02-1S-31-1201-001-999

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.