PANAMA CITY, FL
Location: Panama City, FL
23rd St. & Palo Alto Blvd. across from Panama City Mall
Tenants: Petsmart - 20,057 SF - 10 year lease
Chili's - 5,700 SF Free Standing Restaurant - 15 year ground lease
Eye Land Optical - 1,285 SF - 5 Year Lease
Nextel - 1,285 SF
We The People of P.C. - 1,285 SF
Retailers in the area include: Panama City Mall is anchored by Dillard's, J.C. Penney and Sears. Other area retailers and restaurants include Target, Office Max, Albertsons, Home Depot, Lowe's, Circuit City, Wal-mart, Office Depot, Publix, TGI Friday, Outback Steakhouse, Olive Garden, Pier One, T.J. Maxx, Michael's, Applebee's, Honey Baked Ham, Gateway Country, Pep Boys, Advance Auto, Champs, Dollar Tree and Payless Shoe Source.
Estimated NOI: $474,788
Price: $6,780,000, 7% cap
Contact: Mark Drazek
CB Richard Ellis
Mark.Drazek@cbre.com
407/839-3123
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