MILTON, FL – [December 16, 2022] – Blue West Capital has completed the sale of a single tenant Joe Hudson’s Collision Center property located at 6141 Highway 90 in Milton, FL for $2,890,000. This is the fourth single tenant investment property sold by Blue West Capital within the Pensacola MSA this year, and the second Joe Hudson’s Collision Center property sold by the company this year.
Brandon Wright and Zach Wright, of Blue West Capital, represented the seller in the transaction. The seller was a local repeat client that formerly operated a collision repair shop at the property. The purchaser was a private investor based in Southeast Florida.
The Joe Hudson’s Collision Center is strategically located just east of the intersection of US Highway 90 and FL Highway 281, which has over 54,000 VPD. Nearby retailers include Taco Bell, Dollar General, Walgreens, CVS, McDonald’s, Tractor Supply, AutoZone, and numerous automotive dealerships. Milton is approximately 20 miles northeast of downtown Pensacola.
Joe Hudson’s Collision Center has a long-term absolute triple net lease with rental increases every five years. Joe Hudson’s Collision Center is one of the largest collision repair companies in the country and has operated at this location since 2019.
“Collision center properties remain attractive to net lease investors due to their unique depreciation benefits. They’re also e-commerce, Amazon, and recession resistant.”Brandon Wright, Associate
“Net lease investors are paying premiums for properties located in Florida due to the strong demographics and there being no state income tax. This is the 10th STNL property we’ve sold in Florida year-to-date.”Zach Wright, Director & Partner
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