US-98 & N Alf Coleman Rd - Freestanding FOR SALE
Panama City Beach, FL 32407 |
$2,675,325 USD
858-373-3184
US-98 & N Alf Coleman Rd
Panama City Beach, FL 32407
HIGHLIGHTS
- 20 Year Absolute Net Ground Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Property Sits Along Panama City Beach Parkway (US-98), providing Excellent Visibility, steady Traffic Counts, and Convenient Regional Access.
- McDonald’s (NYSE: MCD) is Ranked #165 on the Fortune 500 List, Features Investment Grade Credit Rating “BBB+” by S&P’s.
- Panama City Beach is One of Florida’s most Established Gulf Coast Resort Markets.
- Along Panama City Beach Parkway (US-98) – Serves as the Market’s Main East-West Commercial Spine, connecting Residential Neighborhoods, Schools, etc
- Fast Growing Area – Panama City Beach is Ranked #2 in U.S. Metro Area by Percent of Population Growth from July 2023 to July 2024 (U.S. Census Bureau)
OVERVIEW
McDonald’s w/ Dual Drive Thru | 20 Year Absolute Net Ground Lease | Brand New 2026 Construction | Fast Growing Coastal Market | High-Traffic US-98 Frontage - Area’s Main East- West Commercial Spine | Minutes from Pier Park - 1M+ Sq. Ft Open-Air Retail Destination | Proximity to Major Beach Access Points, Resort Clusters, and Recreational Destinations
Florida Broker of Record: Ryan Nee | 5900 N Andrews Ave., Ste. 100 Fort Lauderdale, FL 33309 | P: (954) 245-3400 | Lic #: BK3154667 | Ryan.Nee@MarcusMillichap.com | Marcus & Millichap Real Estate Investment Services of Florida, Inc.
FOR SALE DETAILS
PRICE
$2,675,325 USD
PRICE/SF
$584 USD /SF
CAP RATE
3.85%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
MCDONALD'S w/ DUAL DR-THRU | 20YR NNN GROUND
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.44 AC
LAND SF
62,726 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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858-373-3184
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858-373-3184
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