loader
Join Free
Views: 162 DOM: 88 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 14.9
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...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity