6209 Mobile Hwy
Pensacola, FL 32526
Krystal · Retail Property For Sale

The subject property is a freestanding NNN Corporate Krystal located on Mobile Highway in Pensacola, FL. The Krystal was recently built in 2016 and subject to a long-term Lease with 12 years remaining. The Krystal is well positioned on Mobile Highway (26,500 +/- ADT) and directly in front of Bellview Middle School which has an enrollment of over 1,000 students. The Krystal is also well positioned in a dense retail corridor and is located near a large Publix/Goodwill/Planet Fitness center, Walmart Neighborhood Market, Walgreens, McDonald’s, CVS, AutoZone, Whataburger, KFC, Taco Bell and Arby’s. There are currently over 123,000 residents within 5 miles of the property, and over 7,100 within 1 mile with an expected growth rate of 7% over the next 5 years. Also, the average household income is over $61,000. Situated on the western portion of the Florida panhandle, Pensacola is well known for its warm climate and sandy beaches which helps generate over 2 million tourists per year. In addition, the Krystal is only 9 miles from the Pensacola Naval Air Station which employs at least 16,000 military and more than 7,400 civilian personnel. In October 2016, The Krystal Company signed a long term 15-year NNN Lease with 1% annual escalations and six (6), five (5) year options to extend. The property sits on over 1.7 acres and is approximately 1,700 sf. The Krystal Company, established in 1932, is the 2nd oldest QSR brand in the U.S. and oldest in the Southeast. They currently own and franchise about 350 restaurants throughout 11 southern states. The Krystal Company is a subsidiary of Argonne Capital which operates nearly 1,000 units of Krystal, IHOP, Applebee’s, and On the Border and generated sales in excess of $1.6 billion in annual sales.