7011 N Davis Hwy Pensacola, FL 32504

This property presents an opportunity to acquire a corporate-guaranteed Jim ‘N Nick’s investment, situated as an outparcel to University Town Plaza. The property features a new 15-year absolute NNN ground lease with zero landlord responsibilities. The lease, which commenced on June 7, 2024, includes 10% rental increases every five years throughout the initial term and four five-year renewal options. The property features Jim ‘N Nick’s newly constructed building design, engineered to support full-service quality and QSR-level efficiency. The layout includes double drive-thru lanes with canopies, a two-sided kitchen line, and a dedicated area for third-party delivery pickup. The tenant constructed a 4,200-square-foot building with an additional 1,000-square-foot patio area. Jim ‘N Nick’s is a Southern barbecue brand operating 61 locations. The lease is corporately guaranteed by Jim ‘N Nick’s. The brand is owned by Roark Capital. The asset is positioned as an outparcel to University Town Plaza and is located along North Davis Highway (41,600 vehicles per day) and Creighton Road (14,000 vehicles per day), and is located less than one-half mile from Interstate 10 (98,000 vehicles per day). The surrounding trade area features 141,741 residents within five miles and 67,645 daytime employees.