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NNN-Leased Shopping Center

413 East 23rd Street, Panama City, FL 32405

For Sale
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Every space is occupied under NNN leases.

Property SizeContact for details
Days on Market47

Property Features for 413 East 23rd Street

General Information

Standard status Active
Property subtype Retail
Occupancy 100%

Additional Details

Tenant in Place Yes

Building Details

Tenancy Multi
Listing Agency: Matthews
Listed By: Pierce Mayson · License GA #306418
Source: Crexi
Added: Sep 25 Changed: Nov 8 Last Checked: Nov 8 at 5:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews

Rey
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Investment Insights

Based on property information with market context.

This shopping center is fully occupied and operates under NNN lease terms. Home Depot serves as a shadow anchor for the property.

The center is located at 413 East 23rd Street in Panama City, Florida.

Key Highlights

  • 100% occupancy
  • NNN lease structure
  • Shadow‑anchored by Home Depot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

JOANN Fabric and Crafts (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Storage Facility Law Firm HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,216
Businesses Nearby
414k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 28% Superstores 21% Dining 20% Shops & Services 19%
Target Superstores
85,451 visits/mo 0.3 miles
The Home Depot Home Improvements & Furnishings
43,377 visits/mo 0.1 miles
Kohl's Apparel
35,551 visits/mo 0.3 miles
Ross Dress for Less Apparel
29,775 visits/mo 0.1 miles
Dillard's Apparel
24,193 visits/mo 0.4 miles

Demographics for 32405, FL

28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Similar Off Market Nearby

  • Mariner Plaza — 615 US-231, Panama City, FL 32405
  • PCB Office — 625 US-231, Panama City, FL 32405
  • Panama City Mall — 2150 Martin Luther King Jr Blvd, Panama City, FL 32405
  • Bay City Point — 500 E 23rd St, Panama City, FL 32405
  • Gilberg's Plaza — 2421 FL-77, Panama City, FL 32405

Frequently Asked Questions

What type of property is this?
Shopping center - Every space is occupied under NNN leases.
Where is this shopping center located?
The property is located at 413 East 23rd Street Panama City, FL.
What are key features of this property?
This property features: 100% occupancy; NNN lease structure; Shadow‑anchored by Home Depot
(760) 983-2383 Call to check price and availability
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