8550 Davis Hwy - Freestanding FOR SALE


Pensacola, FL 32514- Ferry Pass
$4,844,000 USD
954-302-7365
8550 Davis Hwy, Pensacola, FL for Sale
$4,844,000 USD
Freestanding - FOR SALE
1/7
null | 4.5% Cap Rate

8550 Davis Hwy
Pensacola, FL 32514
Ferry Pass


HIGHLIGHTS

  • Brand New Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
  • Absolute NNN Ground Lease | No State Income Tax | No Landlord Responsibilities | Land Ownership
  • Adjacent to HCA Florida West Hospital | Surrounding Retail |4th Location in Escambia County | Off I-10
  • Local Demographics 5-Mile Area | Downtown Pensacola

OVERVIEW

• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ locations • Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site • The ground lease features 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period

FOR SALE DETAILS

PRICE

$4,844,000 USD

PRICE/SF

$819 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Pensacola FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

3.44 AC

LAND SF

149,846 SF

ZONING

COM

APN/PARCEL ID

14-1S-30-7106-000-000

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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