BTS/GL Grocery Anchored Retail Pad

Vacant Land for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 30782442
Property Subtypes: Office, Retail, Retail-Pad
Gross Land Area: 1.20 - 12.20 Acres
Lease Rate: $100 PSF (Annual)
Base Monthly Rent: $435,600 - 4,428,600
Lease Types: Ground Lease, Net Lease, NNN
Adjacent Parcels Available: Yes
Last Updated: 1/14/2022

Overview / Comments

Prime ground lease or build to suit opportunity located in the heart of Panama City Beach, FL. The new grocery-anchored development features a freestanding grocery store, a national restaurant, and one additional pad site remaining. The development has the ability to add additional retailers or businesses on the adjacent pad or surplus land. The pad site is approximately +/- 1.2 acres, and the Phase 2 site is +/-11 acres. The lots would be ideal for a retail or restaurant user. The new development site is located at the intersection of ALF Coleman & US 98 (PCB Pkwy), which experiences over 47,600 cars per day. The site benefits from a significant amount of highway frontage, making the site highly visible to passing cars and tourists. Ideally located in this highly saturated tourist market, the site is near many national retailers, restaurants, and resorts. Arnold High School is adjacent to the site, which has approximately 1,755 students. Retailers in the immediate surrounding area are Publix, Home Depot, Lowe's, Office Depot, Verizon, Dollar General, Auto Zone, Culvers, Waffle House, Dunkin' Donuts, Starbucks, Whataburger, and many more. The Panama City Beach market is one of the top tourist vacation destinations in the United States, with its pristine white sand beaches that stretch across the entire Gulf Coast.

Additional Details

Nearest MSA: Panama City
County: Bay
Taxing Authority: Bay
Tax ID/APN: 34037-000-000 & 34034-002-010
Zoning: COMMERCIAL
Property Located Between: Alf Coleman & PCB Pkwy
Property Visibility: Excellent
Traffic/Vehicle Count: 49,800
Area Description: Panama City Beach, FL is located in southwestern Bay County and is known for some of the best food, entertainment, and beaches. TripAdvisor has named Panama City Beach one of the top three beaches in the United States. The city is a very popular tourist and spring break destination, which continues to grow each year. Popular attractions in the area include Shipwreck Island Water Park, Gulf World Aquarium, Panama City Beach Winery, local golf courses, and many more. There is something for everyone to enjoy in Panama City Beach, which is why it draws approximately 4.5 million visitors every year.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,661 26,043
Median Age: 39.25 39.82
Households: 7,267 11,475

Contact

Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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