3119 N Davis Hwy, Pensacola, FL 32503

Located at 3119 N Davis Hwy, Pensacola, FL 32503, this 6,566 square foot building, renovated in 2021, sits on a 1.26-acre lot with 30 dedicated parking spaces. The property is strategically positioned at a signalized hard corner on N Davis Highway and E Texar Drive, offering excellent accessibility and visibility. It provides direct connectivity to Interstate 110 and is minutes from Interstate 10, enhancing regional access. Traffic counts surrounding the site include 63,000 VPD on I‑110, 38,500 VPD on E Fairfield Dr, 10,600 VPD on N Davis Hwy, and 9,100 VPD on E Texar Dr. The property is currently occupied by Trulieve (primary tenant; NNN) and DocMJ (medical marijuana clinic; net lease) under an absolute NNN lease structure, where the tenant is responsible for taxes, insurance, utilities, repairs, and maintenance. The rent commenced on September 1, 2021, with a remaining term of 9+ years, expiring on August 31, 2033. The lease includes two 5‑year options with 2% annual base rent escalations. The annual base rent for 2025–2026 is $190,639. The ownership is fee simple, delivered free & clear of debt. Trulieve has 233 nationwide locations, with 162 in Florida and approximately 48% market share, with 2024 revenue of $1.2B, GAAP Gross Profit of $716M, and EBITDA of $420M. The surrounding area within a 3-mile radius has a 2025 population of 64,784, a daytime population of 78,474, and 25,586 households with an average household income of $97,844 and a median age of 37.2. Pensacola has a diverse population and a significant military presence, with strong employment anchors in aerospace, defense, healthcare, cybersecurity, and manufacturing. Major institutions include Naval Air Station Pensacola, University of West Florida, Pensacola State College, and Pensacola Christian College. The city offers tourism and cultural attractions such as Historic Pensacola Village, the National Naval Aviation Museum, Pensacola Lighthouse, and a vibrant downtown corridor along Palafox Street.