Applebee’s
For Sale
Contact for pricing
678 West 23rd Street, Panama City, FL 32405
Absolute NNN structure includes annual rent escalations and extension options.
Property SizeContact for details
Days on Market132
Property Features for 678 West 23rd Street
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
The Kase Group
(925) 348-1844
Listed By:
Jacob Abusharkh · License #CA 01385529
Source:
Crexi
Added: Apr 23
Changed: Aug 31
Last Checked: Aug 29 at 3:31PM
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 The Kase Group
Investment Insights
Based on property information with market context.
An Applebee’s Grill + Bar is offered at 678 West 23rd Street in Panama City, Florida. The property is subject to an absolute NNN lease structure, with 1% annual rent increases and two additional five-year options that also include 1% annual increases.
The lease is associated with an experienced operator that owns and operates 119 neighborhood Applebee’s restaurants. The offering is classified as a conventional restaurant property.
The lease is associated with an experienced operator that owns and operates 119 neighborhood Applebee’s restaurants. The offering is classified as a conventional restaurant property.
Key Highlights
- Applebee’s Grill + Bar at 678 West 23rd Street, Panama City, FL 32405
- Absolute NNN lease structure
- 1% annual rent increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
604k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Apparel 18%
Superstores 17%
Shops & Services 14%
Walmart
Superstores
83,113 visits/mo
0.2 miles
Academy Sports + Outdoors
Apparel
51,895 visits/mo
0.2 miles
Publix
Groceries
43,718 visits/mo
0.1 miles
T.J. Maxx
Apparel
40,690 visits/mo
0.2 miles
HomeGoods
Home Improvements & Furnishings
33,961 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Absolute NNN structure includes annual rent escalations and extension options.
Where is this conventional restaurant located?
The property is located at 678 West 23rd Street Panama City, FL.
What are key features of this property?
This property features: Applebee’s Grill + Bar at 678 West 23rd Street, Panama City, FL 32405; Absolute NNN lease structure; 1% annual rent increases
