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Whataburger

$1,882,845

9510 U.S. 98, Pensacola, FL 32506

Active
Last Updated: 03/16/2026

4.78

Cap Rate

90,000

NOI

Details:
Cap Rate:    4.78%
NOI:    $90,000
Lot Area:    1.27 acres
Year Built:    2026
Tenancy:    Single
Parking Spots:    27
Highlights:
  • Iconic tenant, Whataburger has over 1,130 locations in 17 states and $4.1 billion in U.S. sales for 2024, a nearly 9.4% increase year-over-year
  • New 15-year ground lease
  • Three (3), 5-year options
  • 8% rent increases every 5 years
  • Zero landlord maintenance or expense obligations
  • Located on U.S. Highway 98 at Blue Angel Pkwy (FL-173 State Hwy)
  • Outparcel in Blue Angel Plaza, a Publix anchored shopping center with a national & regional tenant lineup
Description:

New construction Whataburger located on an outparcel to a Publix-anchored shopping center along U.S. Highway 98 (~20,300 VPD). The site benefits from close proximity to Naval Air Station (NAS) Pensacola, one of the largest military training installations in the world, supporting a base population of approximately 23,400 civilians and military personnel across 8,423 acres (6.5 miles from subject property).

Map:
Documents:
Title
Whataburger_PensacolaFL.pdf
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