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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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
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

Krispy Krunchy Chicken
United Rentals
Rent-a-center
Piggly Wiggly
United Community Bank
Winn-Dixie
Regions Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29639-000-000
Land Assessment
£208,033
Improvements Assessment
£0
Total Assessment
£155,520
  • Listing ID: 31890502

  • Date on Market: 22/05/2024

  • Last Updated:

  • Address: 1415 Frankford Ave, Panama City, FL 32401

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