Jim 'N Nick's Investment
7011 N Davis Hwy, Pensacola, FL 32504
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Corporate-guaranteed, newly constructed restaurant with a 15-year absolute NNN ground lease.
Type:Retail
Property size:
4,162 SFPrice / SF:
$1,023/SF- Added:
- Jan 30, 2026
- Days on Market:
- 104
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 7011 N Davis Hwy
General Information
- Standard status
- Active
- Size
- 4,162 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agent Hunter Steffien License #CA 02036521
Listing office Faris Lee Investments (949) 633-2538
Listing date Jan 30, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
HighLights
- New 15‑year absolute NNN ground lease with zero landlord responsibilities, providing secure and passive long‑term income.
- Corporate guarantee from Jim ‘N Nick’s, a rapidly growing Southern barbecue brand owned by Roark Capital (managing $40B+ in assets).
- Located as an outparcel to the high‑performing University Town Plaza, a dominant retail destination with high traffic.
- New, prototypical “Fast‑Casual Plus” building design with double drive‑thru lanes and dedicated delivery area, catering to high off‑premises sales (60%).
- Lease features 10% rental increases every five years throughout the initial term and four five‑year renewal options.
- Excellent visibility and access along high‑traffic roads (North Davis Highway and Creighton Road) and proximity to Interstate 10.
Overview
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.
Location Intelligence
Current Use by Public Records
Jim 'N Nick's ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.221804
- Latitude
- 30.497872
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FAQs
What type of property is this?
Drive through restaurant - Corporate-guaranteed, newly constructed restaurant with a 15-year absolute NNN ground lease.
Where is this drive through restaurant located?
The property is located at 7011 N Davis Hwy Pensacola, FL.
What is the asking price?
The asking price for this property is $4,261,000.
What are key features of this property?
This property features: New 15‑year absolute NNN ground lease with zero landlord responsibilities, providing secure and passive long‑term income.; Corporate guarantee from Jim ‘N Nick’s, a rapidly growing Southern barbecue brand owned by Roark Capital (managing $40B+ in assets).; Located as an outparcel to the high‑performing University Town Plaza, a dominant retail destination with high traffic.
