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MCDONALD'S w/ DUAL DR-THRU | 20YR NNN GROUND US-98 & N Alf Coleman Rd 4,584 SF Retail Building Panama City Beach, FL 32407 $2,675,325 ($583.62/SF) 3.85% Cap Rate
Investment Highlights
- 20 Year Absolute Net Ground Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- McDonald’s (NYSE: MCD) is Ranked #165 on the Fortune 500 List, Features Investment Grade Credit Rating “BBB+” by S&P’s.
- Along Panama City Beach Parkway (US-98) – Serves as the Market’s Main East-West Commercial Spine, connecting Residential Neighborhoods, Schools, etc
- Property Sits Along Panama City Beach Parkway (US-98), providing Excellent Visibility, steady Traffic Counts, and Convenient Regional Access.
- Panama City Beach is One of Florida’s most Established Gulf Coast Resort Markets.
- Fast Growing Area – Panama City Beach is Ranked #2 in U.S. Metro Area by Percent of Population Growth from July 2023 to July 2024 (U.S. Census Bureau)
Executive Summary
McDonald’s w/ Dual Drive Thru | 20 Year Absolute Net Ground Lease | Brand New 2026 Construction | Fast Growing Coastal Market | High-Traffic US-98 Frontage - Area’s Main East- West Commercial Spine | Minutes from Pier Park - 1M+ Sq. Ft Open-Air Retail Destination | Proximity to Major Beach Access Points, Resort Clusters, and Recreational Destinations
Florida Broker of Record: Ryan Nee | 5900 N Andrews Ave., Ste. 100 Fort Lauderdale, FL 33309 | P: (954) 245-3400 | Lic #: BK3154667 | Ryan.Nee@MarcusMillichap.com | Marcus & Millichap Real Estate Investment Services of Florida, Inc.
Florida Broker of Record: Ryan Nee | 5900 N Andrews Ave., Ste. 100 Fort Lauderdale, FL 33309 | P: (954) 245-3400 | Lic #: BK3154667 | Ryan.Nee@MarcusMillichap.com | Marcus & Millichap Real Estate Investment Services of Florida, Inc.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,584 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$2,675,325
Price Per SF
$583.62
Cap Rate
3.85%
NOI
$103,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.44 AC
Frontage
150’ on Back Beach Road
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- McDonald's
- Retailer
- 4,584 SF
- -
- Triple Net
- Apr 2046
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| McDonald's | Retailer | 4,584 SF | - | Triple Net | Apr 2046 |
Nearby Major Retailers
1 of 5
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MCDONALD'S w/ DUAL DR-THRU | 20YR NNN GROUND | US-98 & N Alf Coleman Rd
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