Jim 'N Nick's | 15-Year Abs Net Ground Lease

Highlights:

• • JIM ‘N NICK’S: CORPORATE GUARANTY (61+ UNITS)
• • NEW 15-YEAR CORPORATE ABSOLUTE NET GROUND LEASE WITH 10% RENTAL ESCALATIONS
• • PARENT COMPANY: ROARK CAPITAL ($40 BILLION IN ASSETS)
• • NEWLY CONSTRUCTED 4,162 SQ FT DOUBLE DRIVE-THRU PROTOTYPE
• • DIRECT ACCESS AND FRONTAGE ON N DAVIS HWY (41,600 VPD)
• • STRONG DEMOGRAPHICS: 141,000+ RESIDENTS AND 67,600+ EMPLOYEES WITHIN 5-MILE RADIUS

Description:

Faris Lee Investments is pleased to present a rare opportunity to acquire a corporate-guaranteed Jim ‘N Nick’s investment property, ideally situated as an outparcel to the high-performing University Town Plaza in one of Pensacola’s most heavily trafficked retail corridors. This offering provides a secure and passive long-term investment through a new 15-year absolute NNN ground lease (land ownership) with zero landlord responsibilities. The lease features 10% rental increases every five years throughout the initial term and four five-year renewal options, and commenced on June 7, 2024, delivering immediate income from a proven restaurant operator.

The property features Jim ‘N Nick’s newly constructed, prototypical “Fast-Casual Plus” building design, engineered to support both full-service quality and QSR-level efficiency. The layout includes double drive-thru lanes with canopies, a two-sided kitchen line to accommodate increased service capacity, and a dedicated area for third-party delivery pickup. These features are critical as approximately 60% of Jim ‘N Nick’s sales are generated through off-premises channels. Demonstrating significant commitment to the site, the tenant constructed a 4,200-square-foot building with an additional 1,000-square-foot patio area.

With a 40-year operating history, Jim ‘N Nick’s is a well-established and rapidly growing Southern barbecue brand operating 61 locations across Florida, Georgia, Tennessee, Alabama, South Carolina, and North Carolina. The company reported over $200 million in revenue in 2024 and achieved same-store sales growth exceeding 10% over the three-year period ending in 2024. Continued expansion remains a priority, with plans to open 10 additional locations across the Southeast in 2026. The lease is corporately guaranteed by Jim ‘N Nick’s, providing investors with strong credit backing and long-term stability.

The brand is owned by Roark Capital, a leading private equity firm in the QSR industry managing more than $40 billion in assets across consumer and business service companies. Roark specializes in franchise and franchise-like business models and owns an industry-leading portfolio of restaurant concepts, further strengthening the tenant’s institutional profile and long-term growth outlook.

The asset is strategically positioned as an outparcel to University Town Plaza, a dominant retail destination drawing approximately 4.7 million annual visitors according to Placer.ai and anchored by BJ’s Wholesale Club, Floor & Décor, Boot Barn, and Academy Sports + Outdoors. Directly in front of the subject property, BJ’s alone attracts more than 768,000 annual visitors.

Nearby outparcels significantly outperform brand averages, including Bubba’s 33, Cheddar’s, and Texas Roadhouse, underscoring the strength of the retail environment.

The property benefits from direct access and visibility along North Davis Highway (41,600 vehicles per day) and Creighton Road (14,000 vehicles per day), and is located less than one-half mile from Interstate 10 (98,000 vehicles per day), a major transcontinental corridor connecting California to Florida. The surrounding trade area features 141,741 residents within five miles, average household income of $83,807, and 67,645 daytime employees.

This offering represents a premier, management-free investment opportunity in a growing Florida submarket, backed by a top-performing tenant and institutional sponsorship.

Pensacola serves as the economic and cultural hub of the Florida Panhandle, famously known as the “Cradle of Naval Aviation.” The city’s economy is anchored by a massive military presence, specifically Naval Air Station (NAS) Pensacola, which fosters a robust ecosystem of defense contracting and aerospace manufacturing. Beyond the military, Pensacola has seen a significant surge in the financial services sector, driven by the continued expansion of the Navy Federal Credit Union’s global operations center. The downtown area has undergone a major revitalization, blending historic Spanish and British architectural influences with modern dining and entertainment. As of 2026, Pensacola is increasingly recognized as a “City on the Rise” for its job growth in cybersecurity and information technology, coupled with a cost of living that remains competitive compared to South Florida and other major coastal metros.

---

Report Listing This listing was syndicated through: