7625 Front Beach Rd | Panama City, FL 32407
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7625 Front Beach Rd
Panama City, FL 32407
Retail Property For Sale
Investment Highlights
- *INITIAL 20-YEAR TERM: There are 19 years remaining on the initial 20-year lease term with 7% rent escalations every five years and 2, five year renew
Executive Summary
Coastline Real Estate Advisors is pleased to present this exclusive opportunity to purchase absolute net-leased Daybreak Market, Car Wash and Gas Station located at 7625 Front Beach Road in Panama City, Florida (the “Property”). There is 19 years remaining on the initial 20-year lease term with 7% rent escalations every five years and 2, five year renewal options.
The property is located at a highly visible, 2 acre parcel along Front Beach Road in a strong retail area. Panama City is a city in and the county seat of Bay County, Florida, United States. Located along U.S. Highway 98, it is the largest city between Tallahassee and Pensacola. It is also the most populated city of the Panama City–Lynn Haven, Florida metropolitan statistical area.
INVESTMENT HIGHLIGHTS:
*INITIAL 20-YEAR TERM: There are 19 years remaining on the initial 20-year lease term with 7% rent escalations every five years and 2, five year renewal options.
*BUILDING CONSTRUCTION DATE: The building was constructed in 2022.
*MARKET | FUEL | CARWASH: 4,928 SF Store | 1,437 SF Automated Carwash, 5 Vacuum Stations and 8 Fuel Pumps (16 Fueling Stations)
*GUARANTOR: Hani Baskaron | Daybreak Market & Fuel, LLC | Daybreak C-Store Holdings, LLC Recently Sold 200 Units within the ARCO System in 6 States - Current Net Worth in Excess of $66,000,000
*LOCATION: The property is located at a highly visible, 2 acre parcel along Front Beach Road in a strong retail area.
*SHOPPING: Major retailers within the 4-mile vicinity include Walmart, Home Depot, Lowe’s Home Improvement, Dollar General, Dollar Tree, Publix, Winn-Dixie.
*HIGHER EDUCATION: 3 miles from Gulf Coast State College; 3 miles from Florida State University Panama City.
The property is located at a highly visible, 2 acre parcel along Front Beach Road in a strong retail area. Panama City is a city in and the county seat of Bay County, Florida, United States. Located along U.S. Highway 98, it is the largest city between Tallahassee and Pensacola. It is also the most populated city of the Panama City–Lynn Haven, Florida metropolitan statistical area.
INVESTMENT HIGHLIGHTS:
*INITIAL 20-YEAR TERM: There are 19 years remaining on the initial 20-year lease term with 7% rent escalations every five years and 2, five year renewal options.
*BUILDING CONSTRUCTION DATE: The building was constructed in 2022.
*MARKET | FUEL | CARWASH: 4,928 SF Store | 1,437 SF Automated Carwash, 5 Vacuum Stations and 8 Fuel Pumps (16 Fueling Stations)
*GUARANTOR: Hani Baskaron | Daybreak Market & Fuel, LLC | Daybreak C-Store Holdings, LLC Recently Sold 200 Units within the ARCO System in 6 States - Current Net Worth in Excess of $66,000,000
*LOCATION: The property is located at a highly visible, 2 acre parcel along Front Beach Road in a strong retail area.
*SHOPPING: Major retailers within the 4-mile vicinity include Walmart, Home Depot, Lowe’s Home Improvement, Dollar General, Dollar Tree, Publix, Winn-Dixie.
*HIGHER EDUCATION: 3 miles from Gulf Coast State College; 3 miles from Florida State University Panama City.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,365 SF
Building Class
B
Year Built
2022
Price
$17,283,840 CAD
Price Per SF
$2,715 CAD
Cap Rate
5.50%
NOI
$950,611 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.00 AC
Zoning
Commercial
Parking
27 Spaces (4.24 Spaces per 1,000 SF Leased)
Frontage
623 ft on Front Beach Road
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,528,120 CAD | |
| Land Assessment | $4,676,020 CAD | Total Assessment | $7,204,141 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,676,020 CAD
Improvements Assessment
$2,528,120 CAD
Total Assessment
$7,204,141 CAD
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