311 N 9th Ave | Pensacola, FL 32502
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- LoopNet Team
311 N 9th Ave
Pensacola, FL 32502
Carrabba's Italian Grill: Pensacola, FL · Retail Property For Sale
Investment Highlights
- NNN lease features ±8.2 years of primary term remaining, four 5-year renewal options and a corporate guaranty from Bloomin’ Brands, Inc.
- Long operating history with strong store sales. Since 2019, sales have increased 26%.
- Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7x the CPI increase.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,463 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.52 AC
Zoning
GRD
Parking
114 Spaces (17.64 Spaces per 1,000 SF Leased)
Frontage
126 FT on 9th Ave
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 00-0S-00-9025-010-042 | Improvements Assessment | $621,321 |
| Land Assessment | $591,775 | Total Assessment | $1,213,096 |
PROPERTY TAXES
Parcel Number
00-0S-00-9025-010-042
Land Assessment
$591,775
Improvements Assessment
$621,321
Total Assessment
$1,213,096
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