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- LoopNet Team
204 E Nine Mile Rd
Pensacola, FL 32534
Retail Property For Sale
Property Facts
Amenities
- Pylon Sign
- Signage
- Drive Thru
About 204 E NINE MILE RD , PENSACOLA, FL 32534
This property is is listed at a 7.1% CAP rate with a Net Operating Income of $96,000 Annually. The lease is an investment grade 5 year term, NNN lease with 2% rental increases built in annually starting in year 3. The Juice Crab restaurant tenant is part of a 10 unit franchise restaurant group located throughout the Southeast. The concept is aggressively growing and focusing on new areas from Pensacola to Jacksonville. Location:This property is located in one of the fastest growing areas of Pensacola, FL along 9 Mile Road near Hwy 29. 9 Mile road is one of the major thoroughfares connecting Santa Rosa and Escambia Counties. The 9 mile thoroughfare continues to grow as the Navy Federal, 9 Mile Campus, continues to grow to over 1 Million SF and 20,000 employees by 2020. The 9 Mile corridor is also the frontage road to The University of West Florida (12,979) Students. Hwy 29 in the north/south artery connecting Pensacola to I-65. The property is adjacent to Hancock Bank and near McDonalds, Applebee's, Dairy Queen, Whataburger, Krystal, Dunkin' Donuts, Popeyes, Wendy's, Arby's, Pizza Hut, KFC and the AMC Movie Theater
Property Taxes
| Parcel Number | 08-1S-30-1003-005-001 | Improvements Assessment | $381,849 |
| Land Assessment | $378,000 | Total Assessment | $759,849 |
Property Taxes
