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US-98 & N Alf Coleman Rd
Panama City Beach, FL 32407

$2,675,325 USD

Freestanding For Sale  •  4,584 SF

Property Details

• Property Type Freestanding
• Total Building Size 4,584 SF
• Lot Size 1.44 AC
• Building Class C
• Year Built 2026
• Cap Rate 3.85 %
• Tenancy Single

0 Transit Score

43 Walk Score

Highlights

20 Year Absolute Net Ground Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.

Property Sits Along Panama City Beach Parkway (US-98), providing Excellent Visibility, steady Traffic Counts, and Convenient Regional Access.

McDonald’s (NYSE: MCD) is Ranked #165 on the Fortune 500 List, Features Investment Grade Credit Rating “BBB+” by S&P’s.

Panama City Beach is One of Florida’s most Established Gulf Coast Resort Markets.

Along Panama City Beach Parkway (US-98) – Serves as the Market’s Main East-West Commercial Spine, connecting Residential Neighborhoods, Schools, etc

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)

Cap Rate:

3.85 %

Major Tenants

Tenant	SF Occupied	Lease End Date
McDonald's	4,584 SF	4/30/2046

Public Transportation

Airport	Drive	Walk	Distance
Northwest Florida Beaches International	25 min	-	16.4 mi