7106 Davis HwyPensacola, FL 32504

Exceptional investment opportunity in Pensacola, Florida, featuring a fee-simple, 2,521 square foot car wash on a 0.57-acre lot. This property boasts a 20-year Absolute NNN lease with ZIPS Car Wash, offering 12.7 years remaining. The lease includes a corporate guarantee and attractive 1.5% annual rent escalations, along with six 5-year renewal options at a 7.5% increase each time. The property generates a substantial NOI of $324,736, resulting in a compelling 7.75% cap rate. Built in 2007, this car wash enjoys a prime location on a heavily trafficked road in a thriving retail corridor, less than a mile from I-10. The property benefits from strong demographics and is situated in a tax-free state. This investment is further enhanced by eligibility for accelerated depreciation and 60% bonus depreciation (consult a tax professional). The asking price is $4,190,142. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential. The property is 100% occupied.