4455 Mobile Hwy, Pensacola, FL 32506-4209
- Turn key restaurants
- 1,776 SF
- 0.58 lot acres
Current Use by Public Records
- Samuel Amanda / Insurance Agency
Property Details for 4455 Mobile Hwy
- Year built
- 1977
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.58 lot acres
- Zone code
- COM
- Property type
- Turn key restaurants
- APN
- 34-2S-30-0050-004-005
- APU
- 342S300050004005
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 22, 2024 | $635,000 | Pensacola Outparcel LLC | Larry Morrison | Special Warranty Deed | — |
| Sep 4, 2020 | — | Larry Morrison | — | Deed · related | $25k · Centennial Bk |
| Jul 9, 2019 | — | Larry P Morrison | — | Trustees Deed · related | $25k · Centennial Bk |
| Dec 17, 2018 | — | Larry Morrison | — | Deed · related | $131k · Centennial Bk |
| Oct 17, 2018 | $200,000 | Larry Morrison | Regions Bank | Special Warranty Deed | $120k · Centennial Bank |
| — | — | Larry Morrison | — | Loan Modification · related | $131k · Centennial Bk |
| — | — | Larry Morrison | — | Deed Of Trust · related | $25k · Centennial Bk |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $635,000
- ML approach
- $635,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $608,000
- AI Estimate
- $608,000
Market price range: $217k - $856kMarket price range: $217k - $856k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
