Pensacola, FL - Chick-fil-A

Description:

• The tenant just recently signed a brand new 15-year lease with 10 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 8% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• The newly constructed site will feature a state-of-the-art design with high-quality materials

• The subject property is located along Mobile Highway, a major retail road that averages 35,500 vehicles passing by daily
• The site is directly across the street from a Walmart Supercenter, which increases consumer traffic to the immediate trade area
• The asset is located in a dense retail corridor with numerous nearby national/credit tenants including Lowe’s, Home Depot, Aldi, Walgreens and many more

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Listing ID: a28TP000002DkrtYAC