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Church’s Chicken (Dark) | Triple Net (NNN) Lease

$703,256

3205 North Pace Boulevard, Pensacola, FL 32505

Pending
Last Updated: 01/07/2022

8

Cap Rate

56,260

NOI

Details:
Cap Rate:    8%
NOI:    $56,260
Building Size:    1,271 sqft
Lot Area:    0.44 acres
Lease Type:    Triple Net
Year Built:    1971
Price Per Sqft:    $553.31
Roof & Structure:    Tenant’s Responsibility
HVAC:    Tenant’s Responsibility
Repairs & Maintenance:    Tenant’s Responsibility
Highlights:
  • Strong Redevelopment Opportunity in a Dense Retail Market
  • Corporate Backed Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Situated Off a Hard-Signalized Corner That Sees a Combined Traffic Count of 63,219 Vehicles Per Day
  • Strong Demographics With a Population of 150,613 Residents Making an Average Household Income of $59,705 Within a 5-Mile Radius
  • Less Than 4-Miles From the Cordova Mall That Includes National Tenants Like Target, Michaels, Dillard’s, Dick’s Sporting Goods, Best Buy and More
  • Just 15 Minutes to the Pensacola International Airport
  • Pensacola is the Largest Metropolitan Area Along the Gulf Coast Between New Orleans and Tampa
  • The City is Home to the Naval Air Station Which is the Base For the Blue Angels, and the City Includes the Main Campus of the University of West Florida
  • Nearby Tenants Include: Target, Walmart Supercenter, AMC Theaters, Kohl’s, Starbucks, Publix, McDonald’s, Denny’s, Dollar General, Sonic, AutoZone, Planet Fitness, Popeyes, Applebee’s, Whataburger and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale a Dark Church’s Chicken Located at 3205 N Pace Boulevard in Pensacola, FL. This Deal Includes a Strong Redevelopment Opportunity With a Corporate Backed Triple Net (NNN) Lease and Zero Landlord Responsibilities, Providing For a Unique Investment in a Desirable Florida Market.




In Cooperation With SIG RE Services, LLC Lic. # CQ1055229

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Offering Memorandum
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