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Views: 118 DOM: 57 Updated: 09.25.24 Posted: 09.25.24 Status: Active

Summary

Price $1,091,000
Built/Renov 2024
Tenant Small Sliders (GL)
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 800
Lease Start 09-11-2024
#Units 1
Price/SF $1,363.75
Expiration 09-30-2039
Tenant Type Fast Food/QSR
NOI $60,000
R. Term 14.10
Ownership Ground Lease
Rent/SF $75.00
Increases 10.0%/5/yrs
Pop 5Mi 158,444
Lot/AC 0.64
Options 4/5yrs/10%
AHHI 5Mi $80,407

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Personal Guarantee for the first three years of the base term, then burns off to a single-purpose entity. Speak with Agent for details

Location Description

Small Sliders is strategically located at the signalized, hard corner intersection of Davis Highway and Brent Lane, with access to a significant combined daily traffic count of 71,570 vehicles. The property serves as an outparcel to a Home Depot-anchored shopping center and is within walking distance of Cordova Mall, the largest and most upscale shopping center in the Pensacola area, anchored...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Small Sliders
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:1
  • Stock:Private

About Tenant

Smalls Sliders is a rapidly growing quick-service restaurant chain specializing in cheeseburger sliders, waffle fries, and shakes. Known for its unique modular construction, the restaurant...


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Listing Broker

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