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Patients First Urgent Care 4441 Bayou Blvd 3,600 SF Retail Building Pensacola, FL 32503 $3,988,000 ($1,107.78/SF) 5.70% Cap Rate
Investment Highlights
- New Construction, 12-Year, Absolute NNN Lease (no landlord responsibilities), with 10.0% rent escalations every 5 years (hedge against inflation)
- Dominant Retail Corridor: Target, Michaels, Publix, Aldi, and the Cordova Mall (Belk, Dillard's, World Market, Best Buy, Burlington, and many others)
- Strong Demographics: AHHI is greater than $100k and the 3-mile population exceeds 60k
- Corporate Guarantee from CRH Healthcare (+100 units throughout Florida, Georgia, & Maryland)
- Four Hospitals within 1.5 miles (+900 beds)
- Income Tax Free State
Executive Summary
Prime opportunity to acquire an absolute NNN, new construction urgent care with a new 12-year base term and 10% escalations every 5 years.
The property is in an irreplaceable location on the dominant retail corridor, across the street from Pensacola International Airport (+3 million travelers annually), and within 1.5 miles of four hospitals (+900 total beds).
The property is in an irreplaceable location on the dominant retail corridor, across the street from Pensacola International Airport (+3 million travelers annually), and within 1.5 miles of four hospitals (+900 total beds).
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
3,600 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,988,000
Price Per SF
$1,107.78
Cap Rate
5.70%
NOI
$227,325
Tenancy
Single
Building Height
1 Story
Amenities
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 33-1S-30-7101-001-004 | Improvements Assessment | $213,620 |
| Land Assessment | $589,050 | Total Assessment | $802,670 |
Property Taxes
Parcel Number
33-1S-30-7101-001-004
Land Assessment
$589,050
Improvements Assessment
$213,620
Total Assessment
$802,670
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