Long-standing restaurant location for over 50 years. Building updated in 2005. Ground lease also available for franchise or corporate businesses looking for a prime location.
Located between the new $636 million Baptist Hospital and Ascension Hospital in Pensacola, FL.
The space offers plenty of potential and ample parking space for 80+
Highlights: high traffic count, great visibility, well-established location, near major hospitals, near the college, close to I-10 Interstate, 80 parking spaces on a 1-acre lot, lots of storage space, two new AC units (less than 2 years old).
The property boasts a lot of potentials to transform into any type of restaurant. The property includes a front and back kitchen with a large walk-in cooler. The tenant is currently using large chest freezers. The property is adjacent to a Well-Known Doctors office and Law Firm. The parking lot has 3 entry points: 2 in the front and one in the back. Recent major upgrades include two new AC units and a grease interceptor.
Features: 6 total AC units, Walk-in Coolers, two exhaust hood systems, newer prep coolers and equipment, alcohol service allowed at this location, and more.
Existing commercial equipment used by the tenant will be included in a negotiable buyout price (estimated $125k). All appliances and equipment are recently serviced or less than 3 years old.
Initial 3-year lease. (NNN) Lease, property tax (estimated $6213.34), insurance, and sales tax. 2% rental increases per year for the initial 3-year term(36 months).
An initial 3-year lease follows with (4) 5-year options.
5-year options have rental increases of 2% per year.
Example: $5100 per month starting the 4th year & $5202 per month starting the 5th year.
Showings are available in the afternoon. Contact the agent to schedule a showing or for more information.
