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$2,400,000
Est. payment /mo
1,393 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision No Named Subdivision
MLS Listing ID 772130
HOA Y/N No
Year Built 1999
Lot Size 1393.000 Acres
Acres 1393.0
Property Sub-Type Retail
Property Description
This offering presents a rare opportunity to acquire a net-leased restaurant property located at a signalized hard corner in Panama City Beach, Florida. The 5,135 SF freestanding building--formerly operated as Applebee's--is currently dark, but the tenant,, continues to pay rent under a corporate-backed lease with term remaining through May 31, 2031.The lease is absolute NNN, with the tenant responsible for taxes, insurance, and maintenance. The property is located at the southeast corner of Hutchison Boulevard and Churchwell Drive, featuring full access via a traffic signal and exceptional visibility. With 95 total parking spaces (18.5 per 1,000 SF), the site offers excellent fundamentals for continued investment income or future repositioning.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Fireplace No
Building
Entry Level One
Level or Stories One
Schools
Elementary Schools Hutchison Beach
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 34881-112-000
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Listed by Five Bridges Real Estate Services Co. LLC