NNN Automotive
For Sale
Contact for pricing
1560 W Fairfield Drive, Pensacola, FL 32501
Occupied by Magic Wheels & Tires under a five-year NNN lease on W. Fairfield Drive.
Property Size6,120 SF
Price / SF$228.76
Days on Market163
Property Features for 1560 W Fairfield Drive
General Information
Standard status
Active
Size
6,120 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Sale/Leaseback
Net Operating Income
$73,440
Site & Location
Traffic Count
34,000 vehicles/day
Road Access
Yes
Building Details
Year Built
1985
Tenancy
Single
Abandoned
No
Listing Agency:
Ackerman & Co
Listed By:
Patrick Green · License #442699
(770) 913-3900
Source:
Crexi
Added: May 7
Changed: Oct 1
Last Checked: Oct 14 at 10:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ackerman & Co
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property at 1560 W Fairfield Drive is occupied by Magic Wheels & Tires under a five-year NNN lease. The building was constructed in 1985 and is offered for sale as a leased NNN property with an automotive-oriented occupant.
The site is positioned along W. Fairfield Drive, where traffic exceeds 34,000 AADT. County government buildings and local and national restaurants are identified in the surrounding area. The property is located in Pensacola, the county seat of Escambia County and a regional economic center supported by military and defense, tourism, healthcare, and manufacturing activity.
The site is positioned along W. Fairfield Drive, where traffic exceeds 34,000 AADT. County government buildings and local and national restaurants are identified in the surrounding area. The property is located in Pensacola, the county seat of Escambia County and a regional economic center supported by military and defense, tourism, healthcare, and manufacturing activity.
Key Highlights
- Five‑year NNN lease in place
- Occupied by Magic Wheels & Tires
- 6,120 property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,169
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,380
$1.4M
Cap Rate 7%
$988,129
$988.1K
Cap Rate 9%
$768,544
$768.5K
Market Conditions
NOI Build-Up for 6,120 SF
Gross rent
$110.2K $18.00/SF
− Vacancy
−$11.3K −$1.85/SF
EGI
$98.8K $16.15/SF
− OpEx
−$29.6K −$4.84/SF
NOI
$69.2K $11.30/SF
Area
Escambia County, FL
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,380
Cap Rate 7%
$988,129
Cap Rate 9%
$768,544
Alternative Uses
Best Use
Retail
$988.1K
$864.6K – $1.15M
NOI $69,169 @ 7.0% cap · market cap 4.94%
Second Best
Industrial
$493.0K
$431.4K – $575.1K
NOI $34,508 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,730 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
34,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
138k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 32%
Apparel 7%
Home Improvements & Furnishings 2%
CEFCO
Shops & Services
23,077 visits/mo
0.4 miles
McDonald's
Dining
22,580 visits/mo
0.5 miles
Whataburger
Dining
19,400 visits/mo
0.3 miles
Wendy's
Dining
16,454 visits/mo
0.2 miles
Circle K
Shops & Services
11,937 visits/mo
0.4 miles
Demographics for 32501, FL
10,960
Population
5,505
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
2,962
Density / Sq Mi
$39,127
Median Household Income
$31,312
Median Earnings
$964
Median Rent
$277,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Occupied by Magic Wheels & Tires under a five-year NNN lease on W. Fairfield Drive.
Where is this nnn property located?
The property is located at 1560 W Fairfield Drive Pensacola, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Five‑year NNN lease in place; Occupied by Magic Wheels & Tires; 6,120 property size
