4455 Mobile Hwy Pensacola, FL 32506-4209

Property Details for 4455 Mobile Hwy

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.58 lot acres

Property size

1,776 SF

Zone code

COM

Property type

Turn key restaurants

APN

34-2S-30-0050-004-005

APU

342S300050004005

Description

Exceptional investment opportunity featuring two freestanding retail buildings leased to Ayr Wellness Inc., a leading multi-state cannabis operator. These properties, located in Pensacola and Jacksonville, Florida, boast 15-year NNN leases commencing March 13, 2024, and February 1, 2024, respectively, with 3% annual rent increases. The Pensacola location (4455 Mobile Hwy, 32506) offers 1,600-2,045 square feet, 22 parking spaces, and sits on a .44-.59-acre lot. Built in 1983, it features a new TPO roof and HVAC system installed in 2023. The Jacksonville location (880 Lane Ave S, 32205) also offers 1,600-2,045 square feet and is situated on a .44-.59-acre lot. Built in 1977, it includes 25 parking spaces. Both properties benefit from high visibility, drive-thru access, and strategic locations with limited competition. The combined NOI is $304,342, resulting in a 7.50% cap rate. The asking price is $4,057,893. These properties offer a compelling investment opportunity in a rapidly growing industry, with the added benefit of a national corporate guarantee and significant built-in rent growth. The properties are zoned COM/CCG-2 and feature concrete block construction. Ayr Wellness is undertaking full interior and exterior renovations. High daily traffic counts in both locations provide excellent visibility and accessibility. The properties represent a strong hedge against inflation due to the lease structure and the resilient nature of the cannabis industry.

Location Insight

City

Pensacola

County

Escambia

State

Florida

Longitude

-87.2754

Latitude

30.4326

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments