4625 Hwy 90, Pace, FL 32571

This Jim N' Nick's corporate ground lease is located in Pace, Florida, a bedroom community of Pensacola, which has a fast-growing population exceeding 500,000 residents. The Pensacola region has experienced significant tourism growth, with over 2.5 million visitors and a $2 billion economic impact in recent years, supported by the Pensacola International Airport. The property is situated along a corridor that has seen a recent influx of national retailers, including Aldi, Longhorn, Buffalo Wild Wings, Wendy's, and Daybreak Market, all opening within the last two years. The Jim N' Nick's location fronts a major highway with a traffic count of 43,500 vehicles per day. Daily traffic generators on the corridor include Publix, Home Depot, Lowes, Walmart, and Target. Jim N' Nick's is owned by Roark Capital, a private equity company with $41B AUM, that owns other major brands including Dunkin', Arby's, Buffalo Wild Wings (via Inspire Brands), Jimmy John's, Sonic, Jamba, CKE Restaurants (Carl's Jr., Hardee's), and many auto service (Driven Brands) and fitness (Orangetheory, Anytime Fitness) businesses. Jim N' Nick's has experienced substantial sales growth over the last few years, with the addition of drive-thrus to new units resulting in increased sales per unit. There are plans to add 30+ locations over the next 3 years to add to their growing unit count. The location benefits from excellent visibility and is adjacent to major big box retail centers. The surrounding area is experiencing growth, with a 10% population increase expected over the next 5 years. The property is surrounded by national retailers, including Target, Home Depot, Dick's Sporting Goods, Publix, Walmart, Aldi, TJMaxx, Lowes, and Petsmart. The lease structure is an absolute NNN ground lease with no landlord responsibilities and built-in 10% rental increases every 5 years.