6501 N Davis Hwy Pensacola, FL 32504
- Turn key restaurants
- 3,396 SF
- 1.07 lot acres
Current Use by Public Records
- Shrimp Basket / Seafood Restaurant / Family Restaurant
Property Details for 6501 N Davis Hwy
- Year built
- 1998
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.07 lot acres
- Property size
- 3,396 SF
- Zone code
- HC/LI
- Property type
- Turn key restaurants
- APN
- 30-1S-30-6502-000-002
- APU
- 301S306502000002
Description
This exceptional investment opportunity presents a 4,122 square foot, single-tenant net lease property located at 6501 N Davis Hwy, Pensacola, Florida 32504. The property, built in 1998 and situated on a 1.07-acre lot (APN: 301S306502000002), is zoned HC/LI and features a single-story building. Currently occupied by a Shrimp Basket restaurant, part of an 18-unit seafood chain with corporate ownership by Artistry Restaurant Group, this Class A property boasts a 100% occupancy rate. The lease, commenced August 1, 2016, and expiring July 31, 2030, offers a remaining term of approximately 5.7 years. The tenant is backed by a corporate guarantee, providing significant security. The property generates a substantial net operating income (NOI) of $130,454, resulting in an attractive 7.50% cap rate. The asking price is $1,739,387, translating to $421.98 per square foot. The location benefits from high visibility, with an average annual daily traffic count of 33,500 vehicles. This is a rare opportunity to acquire a stable, high-performing net lease investment in a prime retail location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2241
- Latitude
- 30.4917
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
