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Zaxbys 121 E Nine Mile Rd 3,847 SF Retail Building Pensacola, FL 32534 $5,443,271 CAD ($1,414.94 CAD/SF) 5.58% Cap Rate
Investment Highlights
- 20-year initial lease term, with approximately nine years remaining through May 31, 2035
- Five (5), 5-year renewal options
- Fronts East Nine Mile Road (SR 10/US Highway 90 Alternate) with direct access to the I-10 interchange
- Zero landlord maintenance or expense responsibilities
- Personal Guaranty – 20-year multi-brand franchisee, including Zaxbys and other QSR’s
- Access to a newly opened Costco (172,580 SF warehouse club) with a fuel station and tire center
Executive Summary
Situated along East Nine Mile Road (SR 10/US Highway 90 Alternate), the primary commercial corridor connecting Pensacola’s northern suburbs, this freestanding, single-tenant Zaxbys offers direct highway visibility and proximity to a dense concentration of national retailers, including access to a Costco that opened in June 2026. The offering is structured as an absolute NNN lease with zero landlord maintenance or expense responsibilities. It is located within a market backed by significant institutional employment, infrastructure investment, and steady county-level population growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,847 SF
Building Class
B
Year Built
2015
Price
$5,443,271 CAD
Price Per SF
$1,414.94 CAD
Cap Rate
5.58%
NOI
$303,757 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.38 AC
Zoning
C2
Parking
54 Spaces (14.04 Spaces per 1,000 SF Leased)
Frontage
45’ on Nine Mile Rd
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-1S-30-1101-007-080 | Improvements Assessment | $801,071 CAD |
| Land Assessment | $409,479 CAD | Total Assessment | $1,210,551 CAD |
Property Taxes
Parcel Number
11-1S-30-1101-007-080
Land Assessment
$409,479 CAD
Improvements Assessment
$801,071 CAD
Total Assessment
$1,210,551 CAD
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Zaxbys | 121 E Nine Mile Rd
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