Jim 'N Nick's Investment
For Sale
Contact for pricing
7011 N Davis Hwy, Pensacola, FL 32504
Corporate-guaranteed, newly constructed restaurant with a 15-year absolute NNN ground lease.
Property Size4,162 SF
Price / SF$1,023
Days on Market199
Property Features for 7011 N Davis Hwy
General Information
Standard status
Active
Size
4,162 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$245,000
Building Details
Year Built
2024
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Faris Lee Investments
(949) 633-2538
Listed By:
Hunter Steffien · License #CA 02036521
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Jul 17 at 4:08AM
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 Faris Lee Investments
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
340k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 13%
Apparel 10%
Superstores 8%
Hobby Lobby
Shops & Services
57,824 visits/mo
0.4 miles
Books-A-Million
Shops & Services
38,431 visits/mo
0.3 miles
PetSmart
Shops & Services
32,762 visits/mo
0.5 miles
Barnes & Noble
Shops & Services
28,103 visits/mo
0.5 miles
Big Lots
Superstores
27,925 visits/mo
0.2 miles
Demographics for 32504, FL
21,791
Population
10,436
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
10.5 sq mi
ZIP Area
2,075
Density / Sq Mi
$74,067
Median Household Income
$41,990
Median Earnings
$1,257
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
