NATIONAL TENANT & STRONG OPERATOR – Classic Collision is a well-established and rapidly growing national collision repair brand with over 330 locations across the U.S., providing strong credit quality and operational stability. Backed by TPG Capital, a Global Private Equity firm, actively manages over $225 billion in assets.
LONG-TERM NNN LEASE WITH BUILT-IN RENT GROWTH – The property features a ±7.5-year remaining term on a Triple Net (NNN) lease, under which the landlord is responsible solely for the roof and structural components. The lease includes three 5-year renewal options with 5% rent increases every five years, providing predictable income growth and long-term stability.
STRATEGIC LOCATION IN A GROWING MARKET – Pensacola is a growing metro in Florida with a strong local economy driven by tourism, a significant military presence, and a rising population. The property is situated adjacent to two schools, Pensacola Catholic High School and Oakcrest Elementary School, and benefits from excellent visibility, accessibility, and proximity to major traffic corridors.
LARGE SITE & VALUABLE REAL ESTATE – The ±28,382 SF building sits on a generous ±2.09-acre lot, offering a low building-to-land ratio, ample parking, and potential long-term redevelopment upside. Large properties with extensive parking enable tenants to accommodate more vehicles, thereby increasing their revenue.
LOW RENT PER SF – Sitting at $6.34/SF, in our opinion, the rent at this location is far below the average rent/sf. This provides an investor with a risk-averse asset and helps to increase tenant long term profitability and stability.