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Restaurant

Sam's Seafood & Grill

6209 Mobile Hwy, Pensacola, FL 32526

Listing Price: $1,500,000

Cap Rate
6.00%
Tenant Name
Sam's Seafood & Grill
Years Remaining On Lease
4.4
Gross SF
1,772
Guarantor
Personal Guarantee
Rentable SF
1,772
Price/Gross SF
$846.50
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.79

Investment Overview

- Newly executed 5-year NNN Lease with 1.5% annual increases (backfill of a former Krystal)
- Sams Seafood & Grill operate two locations in the Pensacola area - personal guarantee from a seasoned operator with over 19 years of restaurant experience
- Strong Pensacola location - Pensacola has over 2 million tourists a year
- Close to the Pensacola Naval Air Station which employs over 16,000 military personnel
- Located on Mobile Highway (over 26,000 cars/day) directly in front of the local middle school which has over 1,000 students
- Dense retail corridor - located near Publix, Walmart Neighborhood Market, Walgreens, CVS, Regions Bank, Verizon, Arbys, Taco Bell, McDonalds, KFC, and Whataburger
- Over 120,000 residents within five miles of the subject property - over 7,000 within one mile with an average household income of over $66,000
- Newer construction - built in 2016 with a single lane drive-thru
- Large lot size - over 1.7 acres
- No State income tax in Florida

Investment Highlights

  • Newly executed 5-year NNN Lease with 1.5% annual increases
  • Sams Seafood & Grill operate two locations in the Pensacola area
  • Strong Pensacola location

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $1,500,000

Cap Rate
6.00%
Tenant Name
Sam's Seafood & Grill
Years Remaining On Lease
4.4
Gross SF
1,772
Guarantor
Personal Guarantee
Rentable SF
1,772
Price/Gross SF
$846.50
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.79

Investment Highlights

  • Newly executed 5-year NNN Lease with 1.5% annual increases
  • Sams Seafood & Grill operate two locations in the Pensacola area
  • Strong Pensacola location

Investment Overview

- Newly executed 5-year NNN Lease with 1.5% annual increases (backfill of a former Krystal)
- Sams Seafood & Grill operate two locations in the Pensacola area - personal guarantee from a seasoned operator with over 19 years of restaurant experience
- Strong Pensacola location - Pensacola has over 2 million tourists a year
- Close to the Pensacola Naval Air Station which employs over 16,000 military personnel
- Located on Mobile Highway (over 26,000 cars/day) directly in front of the local middle school which has over 1,000 students
- Dense retail corridor - located near Publix, Walmart Neighborhood Market, Walgreens, CVS, Regions Bank, Verizon, Arbys, Taco Bell, McDonalds, KFC, and Whataburger
- Over 120,000 residents within five miles of the subject property - over 7,000 within one mile with an average household income of over $66,000
- Newer construction - built in 2016 with a single lane drive-thru
- Large lot size - over 1.7 acres
- No State income tax in Florida

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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