3119 Davis HwyPensacola, FL 32503

This exceptional investment opportunity presents a 6,566 square foot retail property located at 3119 N Davis Hwy, Pensacola, Florida 32503, Escambia County. The property is currently 100% occupied by Trulieve, a prominent pharmacy tenant, under a Net Lease (NNN) agreement with a corporate guarantee. The lease commenced September 1, 2021, and has a remaining term of approximately 8.8 years, expiring August 31, 2033. The lease includes annual rent bumps of 2%, ensuring consistent income growth. The property boasts a strong 7.30% cap rate based on a Net Operating Income (NOI) of $179,334 and an asking price of $2,456,630. The building underwent renovations in 2021. The lease is a multi-tenant agreement, and multiple lease options are available. This investment offers a secure, long-term commitment with a financially stable corporate tenant and a proven track record of success. The property is not subject to a ground lease. This is a compelling opportunity for investors seeking a stable, high-return investment in a prime retail location. The property features a strong tenant mix, providing diversification and enhanced value.