Description

121 East 9 Mile Road is a single-tenant Zaxbys retail property offered for sale in Pensacola, FL 32534-3140. The 3,847 SF building is 100% occupied, positioning the offering around an existing restaurant tenancy rather than a vacant-space leasing plan.

Built in 2015, the property sits on 1.38 acres and has 52 parking spaces. It fronts East Nine Mile Road, with two points of ingress and egress and direct access to Costco. Traffic of 35,058 AADT and pylon signage give the restaurant a visible presence on its frontage. Together, the access, parking and signage support the day-to-day function of a quick-service restaurant. The site’s layout and road exposure are central to understanding the real estate behind the tenancy, while the single-tenant format keeps the investment focused on one occupant.

The asking price is $3,884,000, or $1,009.62 PSF. NOI of $216,743 and a 5.58% cap rate put the income terms alongside the property’s physical characteristics. In-place rents are $216,743/yr, and the 9 years of WALT give a buyer a defined remaining lease horizon. The lease type is Absolute Net, making its structure an important part of the investment case. For an investor seeking a single-tenant retail acquisition, the decision centers on the existing income, lease duration and restaurant site at 121 East 9 Mile Road.