10071 Hutchison Boulevard
Panama City Beach, FL 32407
1,393.00 acres | #772130
Description
This offering presents a rare opportunity to acquire a net-leased restaurant property located at a signalized hard corner in Panama City Beach, Florida. The 5,135 SF freestanding building--formerly operated as Applebee's--is currently dark, but the tenant,, continues to pay rent under a corporate-backed lease with term remaining through May 31, 2031.The lease is absolute NNN, with the tenant responsible for taxes, insurance, and maintenance. The property is located at the southeast corner of Hutchison Boulevard and Churchwell Drive, featuring full access via a traffic signal and exceptional visibility. With 95 total parking spaces (18.5 per 1,000 SF), the site offers excellent fundamentals for continued investment income or future repositioning.
Property Details
- SubdivisionNo Named Subdivision
- Elementary SchoolHutchison Beach
- Original List Price$2,400,000
- Property TypePurchase
- Middle SchoolSurfside
- Cost2400000
- High SchoolArnold
- MLS #772130
- Property SubtypeRetail
- MLS #772130
- Acres1393
- Year Built1999
- CountyBay
- Days on Market (Cumulative)1
Location
Legal
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Last Updated: . Source: CPAR
Listing Courtesy
Listing Agent: Kevin Wattenbarger (#B07402)
Listing Office: Five Bridges Real Estate Services Co. LLC (#5BRE)
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