1750 E Nine Mile Rd | Pensacola, FL 32514
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- LoopNet Team
1750 E Nine Mile Rd
Pensacola, FL 32514
Burger King | 20 Yr Ground Lease | 2019 Build · Retail Property For Sale
Investment Highlights
- Rare 20-year ground lease with fixed, 8% rent increases every 5 years throughout the initial term and options
- 2019 construction and Burger King's new "BKOT" prototype, which includes a taller building, larger windows, drive-thru, in-restaurant self-order kiosk
- Income-tax free state - Florida
- University Location: located less than 1 mile from the University of West Florida, a 1,600-acre campus with over 12,900 students enrolled
- Complete hands-off ownership position, ideal for both in-state and out-of-state investors looking for passive income w/ a proven National Brand Burger
- Highly attractive, full-term guaranty from GPS Hospitality Partners IV, LLC: ±200 locations
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,756 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.88 AC
Zoning
C-1
Parking
27 Spaces (9.79 Spaces per 1,000 SF Leased)
Frontage
37’ on East 9 Mile Road
Amenities
- Restaurant
- Drive Thru
Property Taxes
| Parcel Number | 05-1S-30-0407-002-002 | Improvements Assessment | $430,972 |
| Land Assessment | $461,712 | Total Assessment | $892,684 |
Property Taxes
Parcel Number
05-1S-30-0407-002-002
Land Assessment
$461,712
Improvements Assessment
$430,972
Total Assessment
$892,684
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