Panama City in Florida Commercial Property at RealProspex™

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Zolfo Springs

Type: Retail Size: 36,713 sf

Gilberg's Plaza - Panama City, FL

1 2

PROPERTY ID#:	44165
PRICE:	$4,250,000 $4,075,000
LOT SIZE:	3 acres
PRIMARY TYPE:	Retail
SUB-TYPE:
CAP RATE:	9.04%
NOI:
BUILDING SIZE:	36,713 sf

Contact Broker

Jack Holly

Premium Member

Marcus & Millichap

P: 407-557-3800

Description More Details

Gilberg’s Plaza is located on US Highway 77, which is a major thoroughfare that runs through Panama City. The plaza has several heavy traffic generators the most notable being the Panama City Mall which is located 1 block South on US Highway 77. Panama City Mall features over 850,000 square feet of retail space and is anchored by Dillard's, JC Penney and Sears. Other major retailers in the immediate surroundings include Home Depot, Lowe’s Home Improvement, Target, Bed Bath & Beyond, Circuit City, Kohl's and many more. The population of the Panama City area grew 50 percent between 1990 and...

Type: Retail Size: 3,590 sf

Net Leased Burger King - Panama City, FL

1 2

PROPERTY ID#:	20435
PRICE:	$2,126,317
LOT SIZE:	1 acres
PRIMARY TYPE:	Retail
SUB-TYPE:
CAP RATE:	6.95%
NOI:
BUILDING SIZE:	3,590 sf

Contact Broker

Kase Abusharkh

Basic Member

Sperry Van Ness

Description More Details

The property is designed as a Single Tenant Burger King Concept Restaurant with Drive-Thru. The absolute net lease provides for absolutely zero landlord responsibilities. The tenant is responsible for taxes, insurance and CAM, including roof and structure. The Lease provides for scheduled increases. There are four 5-year renewal options in accordance with the terms and provisions of the lease then in effect.

Type: Shopping Center Size: 53,601 sf

Hickory Plaza - Panama City, FL

PROPERTY ID#:	51082
PRICE:	$4,095,000
LOT SIZE:	7 acres
PRIMARY TYPE:	Shopping Center
SUB-TYPE:
CAP RATE:	8.84%
NOI:
BUILDING SIZE:	53,601 sf

Contact Broker

Tim Giambrone

Basic Member

Marcus & Millichap

P: 678-808-2731

Description More Details

The Subject property is multi anchored by Dollar General, Aaron's Rents, and Anytime Fitness. It is located on S Tyndall Parkway, a main thoroughfare in the Panama City, Florida. Area demographics show current year average household income over $54,000, median household income over $43,000, and a 10 mile population over 116,000 people. The population in this area has grown approximately 9.4 percent since 2000 and is projected to grow above 6.3 percent over the next 5 years. Hickory Plaza has a good tenant mix of national credit tenants and other specialty retailers. Panama City, FL. is...

Type: Single Tenant Size: 3,590 sf

Net Leased Burger King - Panama City, FL

1 2

PROPERTY ID#:	16885
PRICE:	$2,126,317
LOT SIZE:
PRIMARY TYPE:	Single Tenant
SUB-TYPE:
CAP RATE:	6.55%
NOI:
BUILDING SIZE:	3,590 sf

Contact Broker

Kase Abusharkh

Basic Member

Sperry Van Ness

Description More Details

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