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Midas - 20 Year Sale Leaseback 8969 Pensacola Blvd 5,472 SF Retail Building Pensacola, FL 32534 $2,827,130 CAD ($516.65 CAD/SF) 6% Cap Rate
Investment Highlights
- Brand-new 20-year absolute NNN Midas with 42K+ VPD on the prime US-29 corridor, offering strong visibility and long-term stability.
- Rapidly Growing Tenant: Legacy Auto Group is one of the fastest-growing automotive franchise groups in the country.
- Midas: Established international auto care brand with 2,000+ locations worldwide.
- Across from 220,000 SF Walmart Supercenter in the US-29 retail corridor, surrounded by national anchors and complementary auto service tenants.
- Legacy Auto Group is recognized for a strong customer-first culture and high-volume sales, driving long-term stability and sustained success.
Executive Summary
This investment features a brand-new 20-year absolute NNN lease, offering stable, passive income with no landlord responsibilities. The property is in an irreplaceable location along US-29 between US-90 and I-10, with 42,000+ vehicles per day and a newly renovated Midas building built for long-term occupancy. It sits across from a 220,000 SF Walmart Supercenter in the US-29 retail corridor, surrounded by major national anchors and complementary auto service tenants. The tenant, Legacy Auto Group, a fast-growing automotive franchise with 36 locations across 11 states, brings strong operational stability and a customer-first, high-volume sales model.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,472 SF
Building Class
B
Year Built/Renovated
1976/2025
Price
$2,827,130 CAD
Price Per SF
$516.65 CAD
Cap Rate
6%
NOI
$169,628 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.59 AC
Zoning
HC/LI - Heavy commercial / light industrial
Parking
15 Spaces (2.74 Spaces per 1,000 SF Leased)
Frontage
105’ on Pensacola Blvd
Amenities
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Midas
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Midas | Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-1S-30-1101-007-330 | Improvements Assessment | $366,579 CAD |
| Land Assessment | $213,735 CAD | Total Assessment | $580,315 CAD |
Property Taxes
Parcel Number
11-1S-30-1101-007-330
Land Assessment
$213,735 CAD
Improvements Assessment
$366,579 CAD
Total Assessment
$580,315 CAD
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Midas - 20 Year Sale Leaseback | 8969 Pensacola Blvd
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