10071 Hutchison Blvd Panama City Beach, FL 32407

This offering features a net-leased restaurant property situated at a signalized hard corner in Panama City Beach, Florida. The 5,135 square foot freestanding building, previously operated as an Applebee's, is currently not in operation, but the tenant, Neighborhood Restaurant Partners Florida Two, LLC, continues to pay rent under a corporate-backed absolute NNN lease with term remaining through May 31, 2031. The tenant is responsible for taxes, insurance, and maintenance. The property is located at the southeast corner of Hutchison Boulevard and Churchwell Drive, providing full access via a traffic signal and exceptional visibility. The site includes 95 total parking spaces, which is 18.5 spaces per 1,000 square feet. The property benefits from signalized intersection access and strong visibility from all directions. Hutchison Boulevard serves as a key east-west connector between Front Beach and Middle Beach Roads. The site is surrounded by national retailers, attractions, and resorts in one of Panama City Beach’s most trafficked commercial zones. The current annual rent is $236,083.20 through the lease expiration on May 31, 2031. The property is located in a high-traffic corridor near Walmart, Publix and other national retailers and has existing restaurant infrastructure.