507 E 23rd St - Freestanding FOR SALE
Panama City, FL 32405 |
507 E 23rd St
Panama City, FL 32405
HIGHLIGHTS
- High-yield investment opportunity - 6.92% blended cap rate
- Mattress Firm is paying a low rent of $19.79/ft
- Corporate lease structure; Minimal Landlord expense obligations
- 16% rental increase in 2024; 10% rental increase at the start of the 2nd option
- Freestanding property; outparcel to a Home Depot and Ross anchored shopping center
- Infill location surrounded by a dynamic mix of retailers
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Mattress Firm
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
9640
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
12976-006-000
