Ruby Tuesday | 15737 Panama City Beach Pkwy
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Ruby Tuesday 15737 Panama City Beach Pkwy
5,066 SF Retail Building Panama City Beach, FL 32413 $6,189,040 CAD ($1,222 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-Year Corporate Lease | 10% Rental Increases | Options To Extend
- Signalized, Hard Corner Intersection (41,500 VPD) | Excellent Visibility & Access | Prime Location in 50+ Acres of Retail
- Strong Demographics In 5-Mile Trade Area | Tourism Destination
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Pier Park (50+ Acres) | Pier Park North | Major Retail Corridor | Strong National/Credit Tenant Presence
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Ruby Tuesday investment property located in Panama City Beach, Florida. The tenant, Ruby Tuesday, Inc signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,066 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$6,189,040 CAD
Price Per SF
$1,222 CAD
Cap Rate
7%
NOI
$433,233 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.35 AC
Zoning
Commercial - High Intensity (CH)
Parking
77 Spaces (15.2 Spaces per 1,000 SF Leased)
Frontage
308 ft on Panama City Beach Pkwy
AMENITIES
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 33750-160-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,900,876 CAD | Total Assessment | $1,900,876 CAD |
PROPERTY TAXES
Parcel Number
33750-160-000
Land Assessment
$1,900,876 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,900,876 CAD
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Ruby Tuesday | 15737 Panama City Beach Pkwy
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