5805 N Highway 231 | Panama City, FL 32404
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5805 N Highway 231
Panama City, FL 32404
Hungry Howie's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- No Landlord Responsibilities Whatsoever
- 2% Annual Rental Escalations Provide for Automatic NOI Growth
- Drive-Thru Equipped Location
- Rent to Sales Ratio Below 4%
- 10 Year Absolute NNN Lease with (4) 5-Year Options
- Florida is a No-Income-Tax-State
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,513 SF
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.79 AC
Zoning
C-3A
Parking
18 Spaces
Frontage
AMENITIES
- Dedicated Turn Lane
- Drive Thru
PROPERTY TAXES
| Parcel Number | 05818-000-000 | Improvements Assessment | $157,885 |
| Land Assessment | $103,950 | Total Assessment | $261,835 |
PROPERTY TAXES
Parcel Number
05818-000-000
Land Assessment
$103,950
Improvements Assessment
$157,885
Total Assessment
$261,835
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