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10071 Hutchison Blvd Local commercial 477 m² À vendre Panama City Beach, FL 32407 2 110 320 € (4 423,62 €/m²) Taux de capitalisation 10,03 %
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 5,135 SF Freestanding Restaurant on 1.393 Acres
- Former Applebee's (DARK)
- Tenant Continues Paying Rent – Lease Expires May 31, 2031
- Signalized Hard Corner | 95 Parking Spaces
- Absolute NNN Lease Structure
- 10.03% Cap Rate Based on Current Annual Rent ($240,824.40) w/ annual increases
RÉSUMÉ ANALYTIQUE
This offering presents a rare opportunity to acquire a net-leased restaurant property located at a signalized hard corner in Panama City Beach, Florida. The 5,135 SF freestanding building—formerly operated as Applebee’s—is currently dark, but the tenant, Neighborhood Restaurant Partners Florida Two, LLC, continues to pay rent under a corporate-backed lease with term remaining through May 31, 2031.
The lease is absolute NNN, with the tenant responsible for taxes, insurance, and maintenance. The property is located at the southeast corner of Hutchison Boulevard and Churchwell Drive, featuring full access via a traffic signal and exceptional visibility. With 95 total parking spaces (18.5 per 1,000 SF), the site offers excellent fundamentals for continued investment income or future repositioning.
Location Description:
10071 Hutchison Blvd is located on the southeast corner of Hutchison Blvd and Churchwell Drive. The property benefits from signalized intersection access and strong visibility from all directions. Hutchison Blvd is a key east-west connector between Front Beach and Middle Beach Roads. The site is surrounded by national retailers, attractions, and resorts in one of Panama City Beach’s most trafficked commercial zones.
INFORMATIONS SUR L’IMMEUBLE
CARACTÉRISTIQUES
- Voie de virage exclusive
DISPONIBILITÉ DE L’ESPACE
- ESPACE
- SURFACE
- TYPE DE BIEN
- POSTE
- DISPONIBLE
Property Description: Now available for lease, this 5,135 SF freestanding restaurant space is located at the signalized hard corner of Hutchison Blvd & Churchwell Drive in the heart of Panama City Beach. The building features a full commercial kitchen, bar area, and open dining layout—ideal for quick service, casual dining, or conversion to retail use. Base Annual Rent is $240,828.47 ($46.90/SF) NNN. Positioned on 1.4 +/- acres, the site offers 95 total parking spaces (including 4 ADA), providing a high 18.5/1,000 SF parking ratio. With strong visibility, dual access, and proximity to beach traffic, lodging, and major retailers, this location supports both local and seasonal demand. Location Description: 10071 Hutchison Blvd is located on the southeast corner of Hutchison Blvd and Churchwell Drive. The property benefits from signalized intersection access and strong visibility from all directions. Hutchison Blvd is a key east-west connector between Front Beach and Middle Beach Roads. The site is surrounded by national retailers, attractions, and resorts in one of Panama City Beach’s most trafficked commercial zones.
| Espace | Surface | Type de bien | Poste | Disponible |
| 1er étage | 477 m² | Restaurant | Parcelle de terrain vacant | Maintenant |
1er étage
| Surface |
| 477 m² |
| Type de bien |
| Restaurant |
| Poste |
| Parcelle de terrain vacant |
| Disponible |
| Maintenant |
1er étage
| Surface | 477 m² |
| Type de bien | Restaurant |
| Poste | Parcelle de terrain vacant |
| Disponible | Maintenant |
Property Description: Now available for lease, this 5,135 SF freestanding restaurant space is located at the signalized hard corner of Hutchison Blvd & Churchwell Drive in the heart of Panama City Beach. The building features a full commercial kitchen, bar area, and open dining layout—ideal for quick service, casual dining, or conversion to retail use. Base Annual Rent is $240,828.47 ($46.90/SF) NNN. Positioned on 1.4 +/- acres, the site offers 95 total parking spaces (including 4 ADA), providing a high 18.5/1,000 SF parking ratio. With strong visibility, dual access, and proximity to beach traffic, lodging, and major retailers, this location supports both local and seasonal demand. Location Description: 10071 Hutchison Blvd is located on the southeast corner of Hutchison Blvd and Churchwell Drive. The property benefits from signalized intersection access and strong visibility from all directions. Hutchison Blvd is a key east-west connector between Front Beach and Middle Beach Roads. The site is surrounded by national retailers, attractions, and resorts in one of Panama City Beach’s most trafficked commercial zones.
PRINCIPAUX COMMERCES À PROXIMITÉ
TAXES FONCIÈRES
| Numéro de parcelle | 34881-112-000 | Évaluation des aménagements | 244 935 € |
| Évaluation du terrain | 529 790 € | Évaluation totale | 774 725 € |
TAXES FONCIÈRES
Présenté par
10071 Hutchison Blvd
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