2399 Florida 77 - Fast Food FOR SALE


Panama City, FL 32405
$3,375,000 USD
949-903-3399
2399 Florida 77, Panama City, FL for Sale
$3,375,000 USD
Fast Food - FOR SALE
1/2
null | 5.2% Cap Rate

2399 Florida 77
Panama City, FL 32405


HIGHLIGHTS

  • Brand New 15 Yr. Absolute NNN Lease - Dutch Bros (NYSE: BROS) - Opening November 2025 
  • Trophy Coastal City - Shadow Anchored by Home Depot/Lowe’s/Target/Panama City Mall
  • Best-in-Class, Drive-Thru-Only Coffee Brand - Fastest Growing Coffee Chain - Market CAP $9B+
  • Florida is #1 Growth State in the U.S. - Ranked #1 “Best State for Business” by CNBC (2025)
  • 2025 Double Drive-Thru Prototype - Huge AUVs Nationwide - 10% Bumps - Strong Intrinsics

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to present an excellent opportunity to purchase a Dutch Bros Coffee in Panama City, FL. The rapidly growing and publicly traded (NYSE: BROS) drive-thru coffee chain currently operates 1,045 locations across 20 states and territories and is on track to reach 2,029 locations by 2029. With a brand-new 15-year absolute NNN lease, three 5-year option periods, 10% rent increases every 5 years, and a corporate guaranty, this asset is ideal for an investor seeking long-term, passive cash flows. The new-construction 950 SF building with a double drive-thru on a 0.7-acre parcel is located on Florida State Road 77 (Martin Luther King Jr Blvd), which sees over 27,100 VPD, and is positioned within Panama City’s busiest retail corridor, creating excellent cross-shopping synergies. Nearby retailers include The Home Depot, Lowe’s Home Improvement, Walmart Supercenter, Target, Publix, Hobby Lobby, Kohl’s, Burlington, Bealls, Academy Sports + Outdoors, McDonald’s, Chick-fil-A, Panera Bread, Starbucks, and more. This is a great opportunity to acquire an absolute triple-net-leased coffee shop in the Florida Panhandle on a long-term lease with strong rent increases, zero landlord responsibilities, and strong tenant credit growth potential, providing inflation-resistant income for years to come.

FOR SALE DETAILS

PRICE

$3,375,000 USD

PRICE/SF

$3,553 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

PC09

APN/PARCEL ID

12954-040-000

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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