709 N Navy Blvd Pensacola, FL 32507
- Turn key restaurants
- 3,663 SF
- 0.96 lot acres
Current Use by Public Records
- Shrimp Basket / Seafood Restaurant
Property Details for 709 N Navy Blvd
- Year built
- 2015
- Construction
- WOOD
- Lot size
- 0.96 lot acres
- Property size
- 3,663 SF
- Zone code
- COM
- Property type
- Turn key restaurants
- APN
- 52-2S-30-2000-000-016
- APU
- 522S302000000016
Description
This exceptional Class A retail investment opportunity presents a 3,444 square foot Shrimp Basket restaurant in Pensacola, Florida. Located at 709 N Navy Blvd, this single-tenant, net-lease property boasts a strong 7.50% cap rate and a substantial remaining lease term of approximately 5.7 years (expiring July 31, 2030). The property, built in 2015, sits on a 0.93-acre lot and benefits from high visibility with 43,000 cars passing daily. The tenant, part of an 18-unit seafood chain, has consistently maintained 100% occupancy since the lease commencement on August 1, 2016. The property features a desirable outdoor patio, a key element of the Shrimp Basket brand. The asking price is $1,633,417, translating to a price per square foot of $474.28. This investment offers a secure, long-term income stream with a proven tenant in a high-traffic location, just 10 minutes from Pensacola Naval Hospital. The property is zoned COM and comprises a single, one-story building. The Net Operating Income (NOI) is $122,486. This is a rare opportunity to acquire a well-established, high-performing restaurant property in a prime Pensacola location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2782
- Latitude
- 30.3996
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
