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Galleria at Callaway | Callaway, FL 734-740 Tyndall Pky 6,863 SF 100% Leased Retail Building Callaway, FL 32404 $3,775,000 ($550.05/SF) 6% Cap Rate
Investment Highlights
- Starbucks Drive-Thru–Anchored Multi-Tenant Pad; 100% National Tenants
- Starbucks, GameStop, and Supercuts Are Original Tenants and Have Been Operating at the Subject Property Since 2007 (18+ Years)
- Corporate Starbucks Lease (40,000+ Locations)
- Starbucks, GameStop, Supercuts, and Papa John’s
- Long-Term Leases With Staggered Lease Expirations
- Florida is an Income-Tax Free State
Executive Summary
Starbucks Drive-Thru Anchored Pad | 100% National Tenants; Long-Term Historical Occupancy (18+ Years) | Panama City-Panama City Beach MSA
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,863 SF
Building Class
B
Year Built
2007
Price
$3,775,000
Price Per SF
$550.05
Cap Rate
6%
NOI
$226,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.00 AC
Zoning
COM-1
Parking
36 Spaces (5.25 Spaces per 1,000 SF Leased)
Frontage
173’ on Tyndall Pky
Nearby Major Retailers
Property Taxes
| Parcel Number | 06018-050-000 | Improvements Assessment | $612,701 |
| Land Assessment | $393,606 | Total Assessment | $1,006,307 |
Property Taxes
Parcel Number
06018-050-000
Land Assessment
$393,606
Improvements Assessment
$612,701
Total Assessment
$1,006,307
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Galleria at Callaway | Callaway, FL | 734-740 Tyndall Pky
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