8027 Front Beach Rd - Retail FOR SALE


Panama City Beach, FL 32407
$1,200,000 USD
850-326-1463
8027 Front Beach Rd, Panama City Beach, FL for Sale
$1,200,000 USD
Retail - FOR SALE
1/9
null | 5.45% Cap Rate

8027 Front Beach Rd
Panama City Beach, FL 32407


HIGHLIGHTS

  • Corporate-operated Avis/Budget rental car facility with approximately 25 years of operating history and no plans for closure
  • Percentage rent structure: minimum base rent or 5% of gross sales with annual true-up, offering upside tied to sales performance
  • Lease expiration December 31, 2031, providing near-term income stability with built-in rent growth
  • Prime Front Beach Road location in Panama City Beach, benefiting from strong tourism, high traffic counts and proximity to hotels and resorts

OVERVIEW

Premier Commercial Group is pleased to offer the NNN Avis/Budget Rental Car facility located at 8027 Front Beach Road in Panama City Beach, Florida. This offering features a corporate-operated Avis/Budget location backed by a full corporate lease guarantee from Avis Budget Group, Inc., ensuring strong creditworthiness and reliability. With a robust operating history spanning approximately 25 years as a long-standing store, this site underscores its proven viability and strategic importance within the thriving Panama City Beach market. Corporate ownership has confirmed no plans to close or relocate, affirming its status as a mission-critical, high-performing storefront for the tenant. The property is secured by an absolute triple net (NNN) lease expiring December 31, 2031, where the tenant is responsible for all property taxes, insurance, and maintenance, providing investors with hands-off ownership, near-term stability, and built-in income growth. The projected NOI is based on the scheduled rent increase effective January 1, 2027. The lease also includes a percentage rent clause, structured as minimum base rent or 5% of gross sales, whichever is greater. As a corporate store, Avis reports sales and conducts an annual true-up, offering investors significant potential upside beyond base rent. This structure enables ownership to directly capitalize on the strong tourism-driven demand and exceptional sales performance in the Panama City Beach market. Situated along Front Beach Road—one of the area's premier commercial and tourist corridors—this fantastic storefront benefits from outstanding visibility, high traffic counts exceeding 30,000 vehicles per day, and immediate proximity to hotels, resorts, and key regional attractions, solidifying its role as an indispensable location for the tenant.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$480 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avis /Budget Corporate-Guaranteed NNN

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,959 SF

ZONING

BC05

APN/PARCEL ID

27887-040-000

ASK ABOUT THIS PROPERTY

Fletcher DilmorePremier Commercial GroupMore Info
850-326-1463

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

Fletcher DilmorePremier Commercial GroupMore Info
850-326-1463

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