5309-5301 N Davis Hwy - Fast Food FOR SALE


Pensacola, FL 32503
$1,518,000 USD
949-506-2009
5309-5301 N Davis Hwy, Pensacola, FL for Sale
$1,518,000 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

5309-5301 N Davis Hwy
Pensacola, FL 32503


HIGHLIGHTS

  • New, 15-year, absolute NNN ground lease with 10% rental increases every 5 years throughout the initial term and options
  • Lease is guaranteed by 7Crew Enterprises, LLC who currently has 27+ units open with exclusive rights to parts of TX, FL, CO, NM, and OK
  • Outparcel to a Home Depot-anchored shopping center and adjacent to a new construction Smalls Sliders
  • Located just off the signalized intersection of Davis Highway & Brent Lane which boasts a combined ±71,570 VPD
  • Dense area | Over 63,000 residents within a 3-mile radius
  • Blackstone, the world’s largest alternative asset manager, recently made a growth equity investment in 7 Brew Coffee

OVERVIEW

PROPERTY HIGHLIGHTS • New, 15-year, absolute NNN ground lease with 10% rental increases every 5 years throughout the initial term and options • New construction asset • Lease is guaranteed by 7Crew Enterprises, LLC who currently has 27+ units open (30+ expected by year-end) with exclusive rights to parts of TX, FL, CO, NM, and OK | Speak with Agent for details • Outparcel to a Home Depot-anchored shopping center and adjacent to a new construction Smalls Sliders • Located just off the signalized intersection of Davis Highway & Brent Lane which boasts a combined ±71,570 VPD • Site is walking distance to: • Cordova Mall | The largest and most upscale shopping center in the Pensacola area and the primary hub of the Cordova business district | ±930,000 SF anchored by Dillard’s, DICK’S, and Best Buy • Ascension Sacred Heart Hospital | 566-bed hospital and includes the only children’s hospital in Northwest Florida • I-110 which boasts ±68,450 VPD • Baptist Hospital | 264-bed Level II Trauma Center • A Target and Winn-Dixie-anchored shopping center • A Publix-anchored shopping center • Pensacola Square | A Hobby Lobby, bealls, and Big Lots-anchored shopping center • Booker T. Washington High School | 1,778 students • Cordova Commons | Shopping center anchored by Marshalls, Total Wine & More, and The Fresh Market • Select Specialty Hospital – Pensacola | 60-bed facility • A T.J. Maxx & HomeGoods-anchored shopping center • Shopping centers anchored by Sam’s Club, Lowe’s, AMC, among others • Asset is located in an income tax-free state • Within 2 miles of: • Pensacola State College | ±26,000 students • Pensacola International Airport | 2.73MM+ annual passengers • University Town Plaza | Shopping center anchored by BJ’s, JCPenney, Academy Sports + Outdoors, and Conn’s HomePlus • Dense area | Over 63,000 residents within a 3-mile radius 7 BREW COFFEE HIGHLIGHTS • 7 Brew is one of the fastest growing coffee chains in the U.S. with about 300 locations across 31 states | The concept is closing in on 3,100 franchised units sold and has already signed franchisee agreements with “best-in-class franchisees” such as Tacala Companies and K-Mac Enterprises which are among the largest Taco Bell operators in the U.S. • 7 Brew has an AUV of ±$2MM | Speak with Agent for details • Blackstone, the world’s largest alternative asset manager, recently made a growth equity investment in 7 Brew Coffee | Blackstone has more than $1 trillion in assets under management • The U.S. Coffee Market is expected to reach $28.06B in 2024 and is projected to grow at a CAGR of 3.69% annually by 2029 • Blackstone Announces Growth Investment in 7 Brew

FOR SALE DETAILS

PRICE

$1,518,000 USD

PRICE/SF

$2,976 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

7 Brew | Seller to Pay Buyer's Closing Costs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

HC/LI

APN/PARCEL ID

48-1S-30-2110-000-005

ASK ABOUT THIS PROPERTY

Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

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Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

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