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First Watch - Pensacola FL 8890 Boesch Ln 3,900 SF Retail Building Pensacola, FL 32534 $6,348,690 CAD ($1,627.87 CAD/SF) 5.28% Cap Rate
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
$6,348,690 CAD
Price Per SF
$1,627.87 CAD
Cap Rate
5.28%
NOI
$335,084 CAD
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-1S-31-4102-001-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $447,968 CAD | Total Assessment | $447,968 CAD |
Property Taxes
Parcel Number
11-1S-31-4102-001-001
Land Assessment
$447,968 CAD
Improvements Assessment
$0 CAD
Total Assessment
$447,968 CAD
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First Watch - Pensacola FL | 8890 Boesch Ln
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