7725 Panama City Beach Pky - Freestanding FOR SALE
Panama City Beach, FL 32407 |
$925,000 USD
574-270-0361
7725 Panama City Beach Pky
Panama City Beach, FL 32407
HIGHLIGHTS
- Strategic Location: Situated on Panama City Beach Parkway (Highway 98), a major thoroughfare with high visibility and traffic counts. ? Minutes from t
- Proximity to Amenities: Close to Pier Park, a prominent lifestyle center featuring major retailers like Dillard’s, JCPenney, and Target.
- Recent Roof Replacement: Roof repairs completed in 2019 following Hurricane Michael, indicating proactive maintenance.
- Strong National Tenant: Classic Collision is a leading and rapidly growing auto body repair brand with a strong national presence.
- Private Equity Backed Tenant: Classic Collision was purchased by the 4th largest PE firm in the world, TPG in April of 2024.
- Corporate Guarantee NN+ Lease with ±8.75 Years of Term Remaining: ? The landlord responsibilities are limited to the Roof and Structure only.
FOR SALE DETAILS
PRICE
$925,000 USD
PRICE/SF
$200 USD /SF
CAP RATE
7.14%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
undefined, Auto Repair, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.54 AC
LAND SF
23,696 SF
ZONING
C-3
APN/PARCEL ID
27856-021-000
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574-270-0361
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574-270-0361
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