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Bay City Point 500-516 E 23rd St
2,725 SF of Retail Space Available in Panama City, FL 32405
Highlights
- Highly visible location in the heart of Panama City’s primary retail corridor, with strong co-tenancy
- Other major retailers within walking distance include Walmart, Publix, Lowes, Dillards, Target, Toys-R-Us, Bed, Bath & Beyond, and many others.
- Centrally convenient to the market area’s mature residential neighborhoods and the growing population of Panama City.
- Supported by the area’s largest concentration of Daytime Employment, BCP is Panama City’s largest new retail development in over 20 years
- Located across the street to the Panama City Mall over $1 Billion in estimated annual retail sales within 10-minute radius
- Over 60,000 average daily traffic on 23rd Street and State Road 77 intersection
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 516 | 2,725 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $81,750 /YR $6,813 /MO | Triple Net (NNN) |
510 E 23rd St - 1st Floor - Ste 516
- 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.
SELECT TENANTS AT Bay City Point
- Tenant
- Description
- US Locations
- Reach
- Aspen Dental
- MD/DDS
- 1,237
- National
- Baskin-Robbins
- Ice Cream
- 4,888
- International
- Burlington Stores
- Dept Store
- 1,410
- National
- Chipotle
- Fast-food
- 5,596
- International
- Mission BBQ
- Restaurant
- 161
- National
- Which Wich Sandwich Shop
- Sub Sandwich
- 402
- International
| Tenant | Description | US Locations | Reach |
| Aspen Dental | MD/DDS | 1,237 | National |
| Baskin-Robbins | Ice Cream | 4,888 | International |
| Burlington Stores | Dept Store | 1,410 | National |
| Chipotle | Fast-food | 5,596 | International |
| Mission BBQ | Restaurant | 161 | National |
| Which Wich Sandwich Shop | Sub Sandwich | 402 | International |
PROPERTY FACTS FOR 500-516 E 23rd St , Panama City, FL 32405
| Total Space Available | 2,725 SF | Gross Leasable Area | 162,589 SF |
| Center Type | Neighborhood Center | Total Land Area | 32.64 AC |
| Parking | 609 Spaces | Year Built | 2017 |
| Center Properties | 5 |
| Total Space Available | 2,725 SF |
| Center Type | Neighborhood Center |
| Parking | 609 Spaces |
| Center Properties | 5 |
| Gross Leasable Area | 162,589 SF |
| Total Land Area | 32.64 AC |
| Year Built | 2017 |
About the Property
Bay City Point is an exciting new 200,000+ SF development strategically located in the heart of Panama City, FL at the heavily trafficked intersection of Hwy 77 and E 23rd Street which currently measures over 60,000 AADT. This site has great access and visibility as well as close proximity to higher income residential areas and numerous national retailers such as Target, Kohl’s, Dillard’s, Home Depot, Lowe’s, Walmart, Publix, TJ Maxx, Hobby Lobby and PetSmart to name a few. Situated directly across from the already established Target and Panama City Mall with Dillard’s, JC Penney, Sears and Bed Bath & Beyond, Bay City Point will become a destination in its own right.
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Monument Signage
- Air Conditioning
Nearby Major Retailers
Learn More About Leasing Retail Properties
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Bay City Point | 500-516 E 23rd St
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