Log In/Sign Up
Your email has been sent.
8890 Boesch Ln
Pensacola, FL 32534
First Watch - Pensacola FL · Retail Property For Sale
Investment Highlights
- Brand New 15-Year Lease | Options To Extend | Scheduled Increases
- Off Signalized Intersection | Excellent Visibility | Multiple Points of Access
- Local Demographics 5-Mile Trade Area | Downtown Pensacola
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Ransley Station Outparcel | Directly Off Interstate 10 |Surrounding Retailers | Avalon Apartments | Off West 9 Mile Road
Executive Summary
• The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% increases every 5-years throughout the initial term and at the beginning of each option period
• First Watch (NASDAQ: FWRG) is a rapidly expanding restaurant chain with over 630 locations across 32 states
• The lease features 10% increases every 5-years throughout the initial term and at the beginning of each option period
• First Watch (NASDAQ: FWRG) is a rapidly expanding restaurant chain with over 630 locations across 32 states
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,900 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,500,000
Price Per SF
$1,153.85
Cap Rate
5.28%
NOI
$237,510
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.10 AC
Zoning
PD - Planned Development
Parking
74 Spaces (18.97 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
Property Taxes
| Parcel Number | 11-1S-31-4102-001-001 | Improvements Assessment | $0 |
| Land Assessment | $317,114 | Total Assessment | $317,114 |
Property Taxes
Parcel Number
11-1S-31-4102-001-001
Land Assessment
$317,114
Improvements Assessment
$0
Total Assessment
$317,114
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
