1415 Frankford Ave
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1415 Frankford Ave
7,020 SF Retail Building Panama City, FL 32401 £3,156,292 (£450/SF) 6% Net Initial Yield
Investment Highlights
- 7,020 SF free-standing building
- Zoned GC - General Commercial
- Built-in 2024 - 20-year roof warranty
Executive Summary
This location is a newly constructed, free-standing, single-tenant building built in 2024 with a 20-year roof warranty. Safelite AutoGlass is the tenant, providing a corporate guarantee. The building spans approximately 7,020 square feet, includes five garage bays, and is situated on a corner parcel at a signalized intersection. It is located near the heart of the retail trade area and offers direct access to W
15th Street, also known as Highway 98, with a traffic volume of 39,600 AADT.
15th Street, also known as Highway 98, with a traffic volume of 39,600 AADT.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,020 SF
Building Class
B
Year Built
2024
Price
£3,156,292
Price Per SF
£450
Net Initial Yield
6%
NOI
£189,377
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Lot Size
1.09 AC
Zoning
GC - General Commercial
Frontage
135 ft on W 15th St
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Safelite AutoGlass
- Retailer
- 7,020 SF
- -
- NNN
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Safelite AutoGlass | Retailer | 7,020 SF | - | NNN | - |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 29639-000-000 | Improvements Assessment | £0 |
Land Assessment | £208,033 | Total Assessment | £155,520 |
PROPERTY TAXES
Parcel Number
29639-000-000
Land Assessment
£208,033
Improvements Assessment
£0
Total Assessment
£155,520
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1415 Frankford Ave
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