4625 US 90 - Restaurant FOR SALE


Pace, FL 32571
$4,230,000 USD
404-832-1251
4625 US 90, Pace, FL for Sale
$4,230,000 USD
Restaurant - FOR SALE
1/6
null | 5.85% Cap Rate

4625 US 90
Pace, FL 32571


HIGHLIGHTS

  • New 15-Year Lease With Rapidly Growing Concept (61+ open locations)
  • Very Strong Sales Per Unit: $2.86M+ AUV up 14.6% from the previous year
  • Drive Thru Location: 60% of revenue coming from off-premises (drive-thru, takeout, delivery)
  • Excellent visibility to 43,500 VPD and adjacent to major big box retail centers driving traffic to the corridor
  • Growing Panhandle Market: 10% population growth expected over the next 5 years
  • Main Retail Corridor Surrounded by National Retailers: Target, Home Depot, Dick's Sporting Goods, Publix, Walmart, Aldi, TJMaxx, Lowes, Petsmart, amon

OVERVIEW

Franklin Street is pleased to offer for sale this Jim N' Nick's corporate ground lease in Pace, Florida. Pace is a bedroom community to Pensacola, which has a fast growing population of more than 500,000 residents in the metropolitan. The region set records in tourism, with over 2.5 million visitors and a $2 billion economic impact in recent years, supported by the Pensacola International Airport. The corridor the property is on has experienced a recent boom of national retailers including Aldi, Longhorn, Buffalo Wild Wings, Wendy's, and Daybreak Market all opening within the last two years. The Jim N' Nick's location fronts a major highway which attracts 43,500 vehicles per day. Daily traffic generators on the corridor include Publix, Home Depot, Lowes, Walmart, Target, and schools. Jim N' Nick's is owned by Roark Capital, a private equity company with $41B AUM, who owns other major brands including Dunkin', Arby's, Buffalo Wild Wings (via Inspire Brands), Jimmy John's, Sonic, Jamba, CKE Restaurants (Carl's Jr., Hardee's), and many auto service (Driven Brands) and fitness (Orangetheory, Anytime Fitness) businesses. Jim N' Nick's has seen substantial sales growth over the last few years and their addition of drive thru's to new units has paid off with increased sales per unit. They plan to add 30+ locations over the next 3 years to add to their growing unit count.

FOR SALE DETAILS

PRICE

$4,230,000 USD

PRICE/SF

$820 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jim N Nicks BBQ Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-1N-29-0000-00700-0000

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin StreetMore Info
404-832-1251

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Bryan BelkFranklin StreetMore Info
404-832-1251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.