This is a NNN investment with a future development opportunity. Currently used by a long term, established building supply operator. Tenant has just renewed the lease for an additional 10 years with 3 five year options. Current NOI provides a nice return by an established tenant with annual increases and no owner responsibilty. As a bonus, this property lies on the West side of Downtown Pensacola and will be a great re-development site in the future. You are getting a healthy return today and paying less than current land value for the real estate.