Single-Tenant Restaurant Hard
134 Alf Coleman Road Panama City Beach, FL 32407
134 Alf Coleman Road, Panama City Beach, FL, 32407
$1,959,000
For Sale
$1,959,000
Signalized hard-corner restaurant with 5.5+ years remaining on an existing lease featuring scheduled 8% rent increases.
Days on Market13
Property Features for 134 Alf Coleman Road
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Properties For Sale
at 134 Alf Coleman Road Contact us
Listing agency
SRS Industrial - Newport Beach
(714) 404-8849
Listed by
Matthew Mousavi · License #CA 01732226
(714) 404-8849
Source
Srsre
Added: Jul 9 Updated: Jul 21 at 2:14AM Checked: Jul 21 at 2:59AM
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Investment Insights
Based on property information with market context.
A single-tenant restaurant offering a stabilized income stream under an in-place lease. The tenant has more than 5.5 years remaining on the initial term, with three additional five-year options to extend. Rent increases are structured at 8% every five years, including at the beginning of each option period.
The property is located at a signalized hard-corner intersection of 30A and Alf Coleman Rd with combined average traffic of 58,300 VPD. The site sits within a dense retail corridor with numerous nearby national/credit tenants, including Publix, Home Depot, Lowe’s, Starbucks, Dollar General, CVS, and Office Depot. The tenant is responsible for CAM, taxes, and insurance, and maintains all aspects of the premises, with no landlord responsibilities outlined in the remarks. The asset is roughly 1 mile from Panama City Beach, which draws millions of annual visitors, and the trade area is supported by more than 38,000 residents and 22,000 employees, with an average household income reported at $109,758.
The property is located at a signalized hard-corner intersection of 30A and Alf Coleman Rd with combined average traffic of 58,300 VPD. The site sits within a dense retail corridor with numerous nearby national/credit tenants, including Publix, Home Depot, Lowe’s, Starbucks, Dollar General, CVS, and Office Depot. The tenant is responsible for CAM, taxes, and insurance, and maintains all aspects of the premises, with no landlord responsibilities outlined in the remarks. The asset is roughly 1 mile from Panama City Beach, which draws millions of annual visitors, and the trade area is supported by more than 38,000 residents and 22,000 employees, with an average household income reported at $109,758.
Key Highlights
- Year built 2007.
- Tenant has 5.5+ years remaining on the initial lease with three (5‑year) extension options.
- Lease includes scheduled 8% rental increases every 5 years and at the beginning of each option.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
Similar Off Market Nearby
- Capt. Jack's Family Buffet - Front Beach — 12628 Front Beach Rd, Panama City Beach, FL 32407
FAQs
What type of property is this?
Conventional restaurant - Signalized hard-corner restaurant with 5.5+ years remaining on an existing lease featuring scheduled 8% rent increases.
Where is this conventional restaurant located?
The property is located at 134 Alf Coleman Road Panama City Beach, FL.
What is the asking price?
The asking price for this property is $1,959,000.
What are key features of this property?
This property features: Year built 2007.; Tenant has 5.5+ years remaining on the initial lease with three (5‑year) extension options.; Lease includes scheduled 8% rental increases every 5 years and at the beginning of each option.
