11130 Panama City Beach Pky - Medical FOR SALE


Panama City Beach, FL 32407
$2,867,000 USD
704-697-1900
11130 Panama City Beach Pky, Panama City Beach, FL for Sale
$2,867,000 USD
Medical - FOR SALE
1/5
null | 5.9% Cap Rate

11130 Panama City Beach Pky
Panama City Beach, FL 32407


HIGHLIGHTS

  • LARGEST DENTAL ORGANIZATION GUARANTY
  • ACCESSIBLE LOCATION ON TRAFFICKED ROAD
  • POSITIONED IN PROMINENT RETAIL NODE

OVERVIEW

STRONG LEASE FUNDAMENTALS - NN Lease Provides Minimal Landlord Responsibilities - Corporate Guaranty by Heartland Dental - 10% Rental Increases every 5 years and in option periods LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2023 Total Revenue was $3B POSITIONED IN PROMINENT RETAIL NODE - Over 969K SF of retail space within a 1-mile radius - Publix outparcel and nearby retailers include: Home Depot, Lowes Home Improvement, Walmart Supercenter, Office Depot, Exxon, Fedex, and much more BREAKFAST POINT MARKETPLACE - Outparcel to Breakfast Point Marketplace which boasts over 1.8 Million visits a year according to Placer.ai - The Publix Anchor ranks in the top 85 percentile for all Publix locations in terms of visits (Placer.ai) - This Publix is also the top ranking in a 15 mile radius (6 Locations) ACCESSIBLE LOCATION ON TRAFFICKED ROAD - Fronting Panama City Beach Pkwy (44,500 VPD) with direct access into the site and cross-access with the adjacent Publix anchored shopping center - Fronts I-98 which runs all down the panhandle of Florida PANAMA CITY BEACH TOURISM - During the summer months, the population for PCB increases from 18,000 to over 100,000 - Every year the city receives over 4.5 Million visitors - Tourism industry produces over $3.0B in economic impact annually

FOR SALE DETAILS

PRICE

$2,867,000 USD

PRICE/SF

$796 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Breakfast Point Dental Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

CH

APN/PARCEL ID

34030-300-010

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.