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 Market117
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
(770) 913-3900
Listed By:
Patrick Green · License #442699
Source:
Crexi
Added: May 7
Changed: Aug 31
Last Checked: Aug 31 at 3:51AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,169
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
