Auto Service - Gas-Conv
BJ's Gas Station
7005 N Davis Hwy, Pensacola, FL 32504
Listing Price: $1,612,903
Cap Rate
6.20%
Tenant Name
BJ's Gas Station
Years Remaining On Lease
11.3
Gross SF
4,080
Guarantor
Corporate Guarantee
Rentable SF
4,080
Price/Gross SF
$395.32
Lease Type
Ground Lease
Rent Per Square Feet
$24.51
Investment Overview
Marcus & Millichap is please to present for sale BJ's Gas Station located in Pensacola, FL.
BJ's Gas Station
Investment Highlights
- BJ's Gas Absolute NNN Ground Lease with 16.5 Years Remaining in Pensacola, FL
- 6.2% Cap Rate Increases to 6.51% as of April 1, 2025 Due to Scheduled Five Percent Base Rent Increase
- High-Performing Gas Station, Ranked 2nd out of 10 within the Region and a 39% Increase in Traffic Since 2021 According to Placer.ai
- Annual Base Rent of $100,000 Well-Below Average for Comparable Gas Stations
- BJ's Wholesale Club: $9 Billion Market Cap; $775 Million Net Income with $19.5 Billion Top-Line Revenue
- BJ's: Most Recent Quarterly Adjusted EBITDA Increased by 16.4% Year-Over-Year to $257 Million
- Located Adjacent to BJ's Wholesale Club; Shadow- Anchored by University Town Plaza, a Power Center with 3.9 Million Visitors Per Year and Anchored by JC Penney, Academy Sports, Burlington & Conn's
- Signalized Corner of N Davis Highway and State Road 742, with Combined Traffic Counts of 53,000 Vehicles per Day
Exclusively Listed By
Listing Price: $1,612,903
Cap Rate
6.20%
Tenant Name
BJ's Gas Station
Years Remaining On Lease
11.3
Gross SF
4,080
Guarantor
Corporate Guarantee
Rentable SF
4,080
Price/Gross SF
$395.32
Lease Type
Ground Lease
Rent Per Square Feet
$24.51
Investment Highlights
- BJ's Gas Absolute NNN Ground Lease with 16.5 Years Remaining in Pensacola, FL
- 6.2% Cap Rate Increases to 6.51% as of April 1, 2025 Due to Scheduled Five Percent Base Rent Increase
- High-Performing Gas Station, Ranked 2nd out of 10 within the Region and a 39% Increase in Traffic Since 2021 According to Placer.ai
- Annual Base Rent of $100,000 Well-Below Average for Comparable Gas Stations
- BJ's Wholesale Club: $9 Billion Market Cap; $775 Million Net Income with $19.5 Billion Top-Line Revenue
- BJ's: Most Recent Quarterly Adjusted EBITDA Increased by 16.4% Year-Over-Year to $257 Million
- Located Adjacent to BJ's Wholesale Club; Shadow- Anchored by University Town Plaza, a Power Center with 3.9 Million Visitors Per Year and Anchored by JC Penney, Academy Sports, Burlington & Conn's
- Signalized Corner of N Davis Highway and State Road 742, with Combined Traffic Counts of 53,000 Vehicles per Day
Investment Overview
Marcus & Millichap is please to present for sale BJ's Gas Station located in Pensacola, FL.
Exclusively Listed By
