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955 W 23rd St
Panama City, FL 32405
Retail Property For Sale
Investment Highlights
- STRONG CREDIT TENANT - CVS has investment grade credit and strong financials
- ABSOLUTE NNN LEASE – zero landlord responsibilities
- LOCATED on signalized, hard corner intersection
- PROTOTYPICAL Freestanding CVS Equipped with Drive-Thru
- NEARBY NATIONAL/CREDIT tenants include Walmart Superstore, McDonald’s, Dollar Tree, Hobby Lobby, and more
- RENTAL ESCALATION in each renewal option period
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,908 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.57 AC
Zoning
GC 1
Parking
60 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
240’ on W 23rd St
Amenities
- Dedicated Turn Lane
- Signalized Intersection
- Drive Thru
About 955 W 23RD ST , PANAMA CITY, FL 32405
This property is located at the corner of a signalized intersection along 23rd Street and Stanford Rd (VPD: 36, 208) Panama City has become one of the most populous beach destinations and is attracting over 17 million tourists a year. It is the largest city between Pensacola and Tallahassee with approximately over 36,000 residents. This is an excellent investment opportunity to purchase an investment grade tenant with a corporate guaranteed lease in a tax-free state.
Property Taxes
| Parcel Number | 13793-010-000 | Improvements Assessment | $471,058 |
| Land Assessment | $1,368,000 | Total Assessment | $1,839,058 |
Property Taxes
Parcel Number
13793-010-000
Land Assessment
$1,368,000
Improvements Assessment
$471,058
Total Assessment
$1,839,058
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