500 S Pier Park Dr
Panama City Beach, FL 32413
The Grand 16 IMAX Theatre - Panama City Beach · Retail Property For Sale

Situated within Panama City Beach’s primary retail development (Pier Park), the property is positioned as a highly desirable investment opportunity with intrinsic real estate value, contractual rent growth, over nine years of remaining term and three, five-year options to renew. The property’s location adjacent to Pier Park possessing direct Gulf of Mexico shoreline accessibility is further supported by proximity to many best-in-class national tenants across the retail, restaurant, and entertainment sectors. The offering is strengthened additionally by the property’s lease guarantor, VSS Southern Theatres. Southern Theatres is the sixth largest theatre circuit in The United States and operates 40 locations with 458 screens. This offering represents the opportunity to purchase a committed national entertainment tenant with significant intrinsic real estate value within a high-growth coastal Florida market.