ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Walgreens – Panama City Beach, FL – NN Lease

9998 Front Beach Road
Sold

SOLD PRICE: $4,929,729
CAP RATE: 5.90%

  • S&P Rated BBB
  • Hard corner location
  • Florida has NO STATE INCOME TAX
  • Long term investment grade lease with 16+ years remaining on base lease
  • Average daily traffic counts of 34,600 cars
  • There are no features available

$4,929,729

15,120 sf

Price:

$4,929,729

Cap Rate:

5.90%

Building Size:

15,120 sf

SF Land Area:

1.96 acres

Current NOI:

$290,854

Lease Type:

NN

Remaining Term:

Thirty (30) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

919-391-9900

Download Offering Memorandum
Back to top