7625 Front Beach Rd Panama City Beach, FL 32407
- Retail properties
- 6,365 SF
- 2.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7625 Front Beach Rd
- Year built
- 2022
- Lot size
- 2.00 lot acres
- Property size
- 6,365 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
Exceptional investment opportunity: This 6,365 square foot, absolute NNN leased convenience store and gas station boasts a 17.4-year remaining lease term (20-year initial term commencing April 9, 2022, expiring April 8, 2042) with 7% rent bumps every five years and two five-year renewal options. The property, situated on a highly visible, two-acre parcel on Front Beach Road in Panama City Beach, Florida, includes a 4,928 square foot convenience store, a 1,437 square foot automated carwash, five vacuum stations, and sixteen fueling stations. Built in 2022, this property generates a strong NOI of $660,000, representing a 5.50% cap rate on the $12,000,000 asking price ($1,885.31 per square foot). The strong tenant, backed by a guarantor with a net worth exceeding $66,000,000, ensures a secure investment. The property benefits from its prime location near major retailers such as Walmart, Home Depot, Lowe's, Publix, and Winn-Dixie, as well as higher education institutions including Gulf Coast State College and Florida State University Panama City. This turnkey operation offers a compelling combination of strong cash flow, long-term lease security, and a desirable location in a thriving retail corridor. The property's 100% occupancy further solidifies its value as a stable and profitable investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.7694
- Latitude
- 30.1867
