9510 U.S 98 Pensacola, FL 32506

This new construction Whataburger is located on an outparcel to a Publix-anchored shopping center along U.S. Highway 98, which experiences approximately 20,300 vehicles per day. The site is near Naval Air Station (NAS) Pensacola, one of the largest military training installations in the world, supporting a base population of approximately 23,400 civilians and military personnel across 8,423 acres. The property is approximately 6.5 miles from the subject property. Whataburger has over 1,130 locations in 17 states and $4.1 billion in U.S. sales for 2024, a nearly 9.4% increase year-over-year. The property features a new 15-year ground lease with three 5-year options and 8% rent increases every 5 years. There are zero landlord maintenance or expense obligations. The property is located on U.S. Highway 98 at Blue Angel Parkway (FL-173 State Highway) and is an outparcel in Blue Angel Plaza, a Publix-anchored shopping center with a national and regional tenant lineup. Nearby are a Walmart Supercenter, ALDI, Target, Ace Hardware, Sherwin Williams, Anytime Fitness, Winn-Dixie, and Tractor Supply Co. The property is surrounded by residential neighborhoods, healthcare facilities, and industrial businesses. Pensacola (PNS) International Airport is located 12 miles from the property. The Pensacola MSA has an estimated population of 538,928 and a GDP of $29.9 billion. Naval Air Station (NAS) Pensacola, the training center for the Blue Angels, has an estimated economic impact in Escambia County of $4 billion annually. Naval Hospital Pensacola provides healthcare for the Navy, Marine Corps, and their families in the region and is 3 miles away. The Escambia County School District has 35 Elementary, 9 Middle, and 7 High Schools with 37,203 students.