1918 W 23rd Ct | Panama City, FL 32405
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- LoopNet Team
1918 W 23rd Ct
Panama City, FL 32405
Tire Kingdom: Panama City, FL · Retail Property For Sale
Investment Highlights
- Tire Kingdom’s net lease features a corporate guaranty from TBC Corporation and has ±10.5 years of primary term remaining.
- This Tire Kingdom store is a proven location with Year-Over-Year sales increase of 20% and a healthy rent-to-sales ratio.
- adjacent to The Sleep Center and Steve’s Bike Shop; is across from Sam’s Club, CEFCO Convenience Store and an upcoming United Community Bank.
- 8% rent increase in 9 months bringing unlevered return up by 45 basis points. Another initial term bump in 2030.
- Located along West 23rd Street (29,500 VPD), just feet from its signalized intersection with Frankford Avenue (7,600 VPD.
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,250 SF
Building Class
B
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.61 AC
Zoning
BC05
Parking
5 Spaces (0.69 Spaces per 1,000 SF Leased)
Frontage
105’ on 23RD ST
Amenities
- Dedicated Turn Lane
Property Taxes
| Parcel Number | 13212-000-000 | Improvements Assessment | $694,542 |
| Land Assessment | $661,023 | Total Assessment | $1,355,565 |
Property Taxes
Parcel Number
13212-000-000
Land Assessment
$661,023
Improvements Assessment
$694,542
Total Assessment
$1,355,565
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