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6129 Mobile Hwy 4,799 SF Retail Building Pensacola, FL 32526 $2,767,631 ($576.71/SF) 5.15% Cap Rate

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Investment Highlights

  • Successful Operating History; Site operating since 2004
  • Currently in the 1st option period with just under 3 years remaining with 1 (5) year option remaining
  • Corporate Guarantee; Whataburger has over 1,100 stores in 17 states
  • High sales volume store with 3.29% rent to sales ratio
  • Highly trafficked Thoroughfare amongst other retailers such has AutoZone, Culvers, McDonald's, and proposed Express Oil Change across the street
  • Large 4,799 sq. ft. restaurant on 1.5 Acres

Executive Summary

This offering presents the opportunity to acquire a high-performing Whataburger investment property with a long operating history and strong tenant performance. The site has successfully operated since 2004 and demonstrates strong sales with an attractive 3.29% rent-to-sales ratio, highlighting the location’s consistent customer demand.
The property features a 4,799 square foot freestanding restaurant situated on 1.5 acres and operates 24 hours a day with a double drive-thru configuration, designed to efficiently handle high traffic volumes and maximize sales.
The lease is corporately guaranteed by Whataburger, a nationally recognized quick-service restaurant brand with over 1,100 locations across 17 states. The tenant is currently in the first option period, with just under three years remaining and one additional five-year renewal option, providing continued income potential for investors.
Strategically positioned along a high-traffic retail corridor, the property benefits from strong co-tenancy and surrounding national retailers including AutoZone, Culver’s, and McDonald's, with a proposed Express Oil Change & Tire Engineers development across the street. This prime retail positioning drives consistent traffic and reinforces the long-term viability of the location.
Overall, this asset represents a stable, passive investment opportunity backed by a strong national tenant and a proven operating location.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,799 SF
Building Class
B
Year Built
2004
Price
$2,767,631
Price Per SF
$576.71
Cap Rate
5.15%
NOI
$142,533
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.50 AC
Zoning
C-1
Parking
45 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
59’ on Mobile Hwy

Amenities

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Drive Thru

Nearby Major Retailers

Regions Bank
Waffle House
Planet Fitness
Publix
Walmart Neighborhood Market
Zaxby's

Property Taxes

Property Taxes

Parcel Number
39-1S-31-4401-000-001
Land Assessment
$127,500
Improvements Assessment
$400,703
Total Assessment
$528,203
  • Listing ID: 39717904

  • Date on Market: 3/9/2026

  • Last Updated:

  • Address: 6129 Mobile Hwy, Pensacola, FL 32526

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