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Magic Wheels & Tires 1560 Fairfield Dr 6,120 SF 100% Leased Retail Building Pensacola, FL 32501 $1,400,000 ($228.76/SF) 5.25% Cap Rate
Investment Highlights
- 5 Year NNN lease, with two 5 year options
- High visibility - 34,000 VPD on Fairfield Dr
- Proven regional operator
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,120 SF
Building Class
C
Year Built
1985
Price
$1,400,000
Price Per SF
$228.76
Cap Rate
5.25%
NOI
$73,440
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.90 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
11 Spaces (1.8 Spaces per 1,000 SF Leased)
Frontage
185’ on Fairfield Dr
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-2S-30-1001-008-003 | Improvements Assessment | $304,432 |
| Land Assessment | $199,978 | Total Assessment | $504,410 |
Property Taxes
Parcel Number
08-2S-30-1001-008-003
Land Assessment
$199,978
Improvements Assessment
$304,432
Total Assessment
$504,410
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Magic Wheels & Tires | 1560 Fairfield Dr
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