Hutchison Bvd Retail

Highlights

• - 15 Year Initial Lease
• - 5% Rent Bum if Amendment 3 Passes making this a 8.16 CAP
• - Strategic location in the thriving Panama City Beach area
• - Brand New Ground Up Development
• - High traffic flow with 28,000 car count for maximum visibility
• - $500,000 Of TI Paid by Developer
• - Prototype Built Exclusivley for Sunburn
• - Rent Commencement July 1, 2024

Description

Discover an unparalleled investment opportunity at this prized property on Hutchison Blvd in Panama City Beach, FL. Zoned T-3, this prime real estate offers a strategic location for retail expansion or development. High traffic flow of 28,000 cars, the property presents a lucrative proposition for retail investors. Positioned across from the exciting redevelopment of THE HOMBRE, the potential for growth and success is evident. The developer has done over $500,000 of Teneat Improvent making this attractive for additional bonus depreciation. The building is a prototype for Sunburn which includes a safe room and $90,000 glass display.

Discover the vibrant surroundings of Hutchison Blvd Retail, strategically located in the heart of Panama City Beach, FL. This prime area offers a blend of commercial and leisure opportunities, drawing in a steady flow of tourists and locals alike. The immediate vicinity boasts popular attractions including Gulf World Marine Park, Shipwreck Island Waterpark, and the Russell-Fields Pier. With a thriving retail scene and a strong focus on entertainment and recreation, the area is primed for retail investment. Explore the possibilities of owning a piece of this dynamic landscape, strategically positioned for success. Panama City Beach welcomed 5 million visitors in 2023.

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