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Patients First Urgent Care 4441 Bayou Blvd 3,600 SF Retail Building Pensacola, FL 32503 $5,543,280 CAD ($1,539.80 CAD/SF) 5.70% Cap Rate
Investment Highlights
- New Construction, 12-Year, Absolute NNN Lease (no landlord responsibilities), with 10.0% rent escalations every 5 years (hedge against inflation)
- Dominant Retail Corridor: Target, Michaels, Publix, Aldi, and the Cordova Mall (Belk, Dillard's, World Market, Best Buy, Burlington, and many others)
- Strong Demographics: AHHI is greater than $100k and the 3-mile population exceeds 60k
- Corporate Guarantee from CRH Healthcare (+100 units throughout Florida, Georgia, & Maryland)
- Four Hospitals within 1.5 miles (+900 beds)
- Income Tax Free State
Executive Summary
Prime opportunity to acquire an absolute NNN, new construction urgent care with a new 12-year base term and 10% escalations every 5 years.
The property is in an irreplaceable location on the dominant retail corridor, across the street from Pensacola International Airport (+3 million travelers annually), and within 1.5 miles of four hospitals (+900 total beds).
The property is in an irreplaceable location on the dominant retail corridor, across the street from Pensacola International Airport (+3 million travelers annually), and within 1.5 miles of four hospitals (+900 total beds).
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
3,600 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$5,543,280 CAD
Price Per SF
$1,539.80 CAD
Cap Rate
5.70%
NOI
$315,979 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.88 AC
Frontage
188’ on Bayou Boulevard
Amenities
- Signage
- Wheelchair Accessible
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 33-1S-30-7101-001-004 | Improvements Assessment | $297,103 CAD |
| Land Assessment | $819,251 CAD | Total Assessment | $1,116,353 CAD |
Property Taxes
Parcel Number
33-1S-30-7101-001-004
Land Assessment
$819,251 CAD
Improvements Assessment
$297,103 CAD
Total Assessment
$1,116,353 CAD
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Videos
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Photos
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Street
Map
Presented by
Johnny Blue Real Estate Services, LLC
Patients First Urgent Care | 4441 Bayou Blvd
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