American Water

7303 Plantation Road - Pensacola Florida 32504

LTV (Loan to Value)	65.00%	Current NOI	$696,070.00
Interest Rate	4.250%	Capital Rate	7.000%
Fixed Term	10 Years	Land Area	4.99 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$6,500,000.00	Property Type	Office
Payment	$35,212.98	Property Lease	Single Tenant
Bulding Size	64,053 SF	Remaining Terms	+/- 4 years & 9 months

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a free-standing building 100% leased to American Water located at 7303 Plantation Road, Pensacola, FL. The NN lease has approximately four (4) years and nine (9) months remaining with two (2), five (5) year renewal options with annual escalations.

Highlights

Excellent Credit Tenant – American Water is the largest publicly traded water and wastewater utility company in the United States.…

Property Description

Pensacola is the westernmost city in the Florida Panhandle and the county seat of Escambia County, Florida. As of the 2010 census, the city had a total population of 51,923. Pensacola is the principal city of the Pensacola metropolitan area, which had an estimated 461,227 residents in 2012. Pensacola is a sea port on Pensacola Bay, which is protected by the barrier island of Santa Rosa and connects to the Gulf of Mexico. A large United States Naval Air Station, the first in the United States, is located southwest of Pensacola (near Warrington); it is the base of the Blue Angels flight demonstration team and the National Naval Aviation Museum. The main campus of the University of West Florida is situated north of the city center.