134 Alf Coleman Rd - Fast Food FOR SALE


Panama City Beach, FL 32407
$1,959,000 USD
480-221-4221
134 Alf Coleman Rd, Panama City Beach, FL for Sale
$1,959,000 USD
Fast Food - FOR SALE
1/8
null | 5.5% Cap Rate

134 Alf Coleman Rd
Panama City Beach, FL 32407


HIGHLIGHTS

  • 5.5+ Years Remaining | Scheduled Rental Increases | Established Brand | Options to Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Dense Retail Corridor | Strong Tenant Presence | Roughly 1-mile from Panama City Beach
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant currently has over 5.5 years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features 8% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation • Through its subsidiaries, IDQ develops, licenses and services a system of more than 7,800 DQ restaurants in more than 20 countries

FOR SALE DETAILS

PRICE

$1,959,000 USD

PRICE/SF

$676 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

General Commercial

APN/PARCEL ID

34034-005-072

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.