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Dairy Queen | Absolute NNN 134 Alf Coleman Rd 2,897 SF Retail Building Panama City Beach, FL 32407 $1,959,000 ($676.22/SF) 5.50% Cap Rate
Investment Highlights
- 5.5+ Years Remaining | Scheduled Rental Increases | Established Brand | Options to Extend
- Signalized, Hard Corner Intersection | Dense Retail Corridor | Strong Tenant Presence | Roughly 1-mile from Panama City Beach
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• The tenant currently has over 5.5 years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 8% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Through its subsidiaries, IDQ develops, licenses and services a system of more than 7,800 DQ restaurants in more than 20 countries
• The lease features 8% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Through its subsidiaries, IDQ develops, licenses and services a system of more than 7,800 DQ restaurants in more than 20 countries
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,897 SF
Building Class
C
Year Built/Renovated
2007/2017
Price
$1,959,000
Price Per SF
$676.22
Cap Rate
5.50%
NOI
$107,747
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.02 AC
Zoning
General Commercial - Mixed Use
Parking
44 Spaces (15.19 Spaces per 1,000 SF Leased)
Frontage
168’ on Alf Coleman Rd
Amenities
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 34034-005-072 | Improvements Assessment | $529,805 |
| Land Assessment | $311,780 | Total Assessment | $841,585 |
Property Taxes
Parcel Number
34034-005-072
Land Assessment
$311,780
Improvements Assessment
$529,805
Total Assessment
$841,585
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Dairy Queen | Absolute NNN | 134 Alf Coleman Rd
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