2399 Martin Luther King Jr Blvd - Fast Food FOR SALE


Panama City, FL 32405
$3,478,198 USD
858-414-7849
2399 Martin Luther King Jr Blvd, Panama City, FL for Sale
$3,478,198 USD
Fast Food - FOR SALE
1/3
null | 5.05% Cap Rate

2399 Martin Luther King Jr Blvd
Panama City, FL 32405


HIGHLIGHTS

  • Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM).
  • Brand New Construction - Build-to-suit (BTS) designed specifically for Dutch Bros’ proven prototype, allowing for optimal efficiency.
  • Premier Retail Location - Strategically positioned amongst the nation’s top retailers including Home Depot, Target, etc. conveying, strong co-tenancy.
  • Located right down the street from a newly constructed Burlington and Hobby Lobby anchored power center with national tenants.
  • Dutch Bros is pursuing aggressive growth, targeting 2,029 shops by 2029, nearly doubling its current footprint.

OVERVIEW

Brand New Dutch Bros | Absolute NNN Lease | Prime FL-77 Location Newly constructed Dutch Bros Coffee on a 15-year absolute NNN lease, backed by a corporate guaranty from Boersma Bros, LLC. The site is set to open in late October 2025, offering a stabilized, income-producing asset from day one. Strategically positioned on FL-77 with ±27,000 VPD, the property benefits from strong visibility and access within a growing Panama City retail corridor—adjacent to Bay City Point and near the Panama City Mall redevelopment. This 0.70-acre parcel with 950 SF GLA features 10% rent bumps every 5 years, making it a true turnkey, passive investment in a high-growth Florida market. Disclaimer: All images and renderings shown are for illustrative purposes only. Actual building design, materials, and final construction details may vary. Additional building photos included in this listing are representative, sourced from public online materials, and do not depict the subject property.

FOR SALE DETAILS

PRICE

$3,478,198 USD

PRICE/SF

$998 USD /SF

CAP RATE

5.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

12954-040-000

ASK ABOUT THIS PROPERTY

Christopher LaskeroAlpha Real Estate AdvisorsMore Info
858-414-7849

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

Christopher LaskeroAlpha Real Estate AdvisorsMore Info
858-414-7849

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