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300 W 23rd St
2,685 SF of Retail Space Available in Panama City, FL 32405
Highlights
- Over 37,000 CPD. Heavy Traffic East to West Main Cooridor
- Complete with Booths,Tables, Chairs, Full Kitchen Equipment, Multiple Deep Fryers, Cold Prep Tables, Ice Cream Machine, Walk-in Cooler & Freezer
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,685 SF | Negotiable | $804.00 /SF/YR $67.00 /SF/MO $2,158,740 /YR $179,895 /MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 300 W 23rd St , Panama City, FL 32405
| Property Type | Retail | Year Built | 2021 |
| Property Subtype | Restaurant | Parking Ratio | 9.31/1,000 SF |
| Gross Leasable Area | 2,685 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,685 SF |
| Year Built | 2021 |
| Parking Ratio | 9.31/1,000 SF |
About the Property
New Construction 2021, Former Big Chicken. Turn-Key and Ready to go with Drive-through. Amazing Turn-Key Restaurant with a Drive through Ready to go. Located in a Great Location on always busy 23rd Street. Building was built new in 2021. Located in the Florida ''Panhandle,'' near St. Andrews Bay and the Crystal-clear water and sugar white sands on the Gulf of Mexico. Panama City has a 2024 population of 36,592. It is also the county seat of Bay County. Panama City is currently growing at a rate of 2.61% annually and its population has increased by 11.35% since the most recent census, which recorded a population of 32,862 in 2020. The population is estimated to almost double by the year 2030. 23rd Street is a very Dominant Retail Corridor with Excellent Drive-By Visibility on the Primary Main East West Direct Thoroughfare in Panama City. Traffic Counts Exceed 37,000 CPD. POINTS OF INTEREST: RETAIL ENTERTAINMENT: Nearby retailers include: Walmart Supercenter, Target, Kohl's, Publix, Sam's Club, Hobby Lobby, Lowe's, Home Depot, Ashley Home Store, Dollar Tree, Dollar General, T.J. Maxx, Harbor Freight Tools, Office Depot, Best Buy, Books-A-Million, CVS, Piggly Wiggly, etc. COLLEGE/UNIVERSITIES: Gulf Coast State College and Florida State University are Less than 4 miles from Property. Total enrollment of over 10,000 students Combined. HEALTHCARE: Property is across the street from HCA Gulf Coast Regional Medical Center (216 bed Acute Care and ER) (450 Providers and 1,000 employees) and within 3.1 miles of Ascension Sacred Heart Hospital-The areas only Level 2 Trauma Center. (200 Beds & ER) (550 Providers & 1,100 employees) MILITARY: There are Two military bases that make the Federal government the largest employer in the County. Tyndall Air Force Base is east of the city. Also, the Navy's Naval Support Activity Panama City which is home to various Diving and SEAL research and training projects. They employ approximately 2,800 civilian and military personnel. NEARBY FOOD RETAILERS: Sonic, Krystal, Captain D's, Pizza Hut, Krispy Kreme, Chick-fil-a, McDonalds, Wendy's, Golden Corral, Taziki's, Waffle House, Cracker Barrel, Panda Express, Mission Barbeque, Olive Garden, Five Guys, Applebee's, Chicken salad Chick, Newk's, Gyro Café', Chow Time Chinese Buffet, Los Rancheros Mexican Restaurant, Chilis Grill & Bar, O'Charleys, Chipotle Mexican Grill, Granny Cantrell's, Chipolte, Outback, El Jalisco. Lessee to verify all measurements of building and property. Call and schedule a showing of this rare and unbelievable opportunity on 23rd Street in Panama City, Florida.
- Dedicated Turn Lane
- Restaurant
- Security System
- Signage
- Drive Thru
- Accent Lighting
- Storage Space
- Air Conditioning
Nearby Major Retailers
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300 W 23rd St
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