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Whataburger 9510 US-98 3,305 SF Retail Building Pensacola, FL 32506 $1,882,845 ($569.70/SF) 4.78% Cap Rate
Investment Highlights
- Iconic tenant, Whataburger has over 1,130 locations in 17 states and $4.1 billion in U.S. sales for 2024, a nearly 9.4% increase year-over-year
- Three (3), 5-year options
- Outparcel in Blue Angel Plaza, a Publix anchored shopping center with a national & regional tenant lineup
- New 15-year ground lease, with 8% rent increases every 5 years
- Located on U.S. Highway 98 at Blue Angel Pkwy (FL-173 State Hwy)
- Close to Walmart Supercenter, ALDI, Target, Ace Hardware, Sherwin Williams, Anytime Fitness, Winn-Dixie and Tractor Supply Co.
Executive Summary
New construction Whataburger located on an outparcel to a Publix-anchored shopping center along U.S. Highway 98 (~20,300 VPD). The site benefits from close proximity to Naval Air Station (NAS) Pensacola, one of the largest military training installations in the world, supporting a base population of approximately 23,400 civilians and military personnel across 8,423 acres (6.5 miles from subject property).
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,305 SF
Year Built
2026
Construction Status
Under Construction
Price
$1,882,845
Price Per SF
$569.70
Cap Rate
4.78%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.27 AC
Parking
47 Spaces (14.22 Spaces per 1,000 SF Leased)
Nearby Major Retailers
1 of 3
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Whataburger | 9510 US-98
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