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Breakfast Point Dental Care 11130 Panama City Beach Pky

3,600 SF Office Building Panama City Beach, FL 32407 $4,128,767 CAD ($1,147 CAD/SF) 5.90% Cap Rate

Investment Highlights

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

Executive Summary

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

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,600 SF
Building Class
A
Year Built
2022
Price
$4,128,767 CAD
Price Per SF
$1,147 CAD
Cap Rate
5.90%
NOI
$243,665 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,600 SF
Building FAR
0.10
Lot Size
0.79 AC
Zoning
CH - Commercial
Parking
21 Spaces (5.83 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34030-300-010
Land Assessment
$1,071,487 CAD
Improvements Assessment
$660,085 CAD
Total Assessment
$1,731,572 CAD
  • Listing ID: 34414141

  • Date on Market: 2025-01-08

  • Last Updated:

  • Address: 11130 Panama City Beach Pky, Panama City Beach, FL 32407

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