Winn-Dixie | Panama City, FL
Sands Investment Group is Pleased to Present Exclusively For Sale the Newly Renovated, Essential Business Grocery Store Located at 3621 North Highway 231 in Panama City, Florida. This Opportunity Offers a Long-Term Absolute Triple Net (NNN) Lease With a High Quality and Established Tenant in the Desirable Florida Market.
LONG TERM INVESTMENT OPPORTUNITY
- Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Winn-Dixie Has a Long Historical Occupancy and Has Been Operating at This Location Since 1997
- Winn-Dixie Recently Signed a New Lease Set to Expire in 2029 Demonstrating Their Commitment to This Location
- Approximately 9 Years Remaining on the Lease
- Newly Renovated Building Completed in 2019
- 4 x 5 Options Remaining
- Low Rent-to-Sales Ratio
- Florida is a “No Income Tax State”
HIGH QUALITY & INTERNET RESISTANT TENANTS
- Winn-Dixie Stores Were Founded in 1925 and is Currently Headquartered in Jacksonville, Florida
- Essential Premier Grocer, the Company Has Had Its Present Name Since 1955 and Traces Its Roots Back to 1925
- Winn-Dixie Operates Approximately 500 Stores in Florida, Alabama, Louisiana, Georgia and Mississippi
UNMATCHED EXPOSURE AND ACCESS
- This Property is in the Northwest Quadrant of Highway 231 and Transmitter Road in Panama City, Florida
- Panama City is Located on the Panhandle of Northwest Florida on Beautiful St Andrews Bay and the Gulf of Mexico and is a Popular Tourist Location Year-Round
- A New Skyline is Taking Shape as the Area is Fast Attracting New Eateries, Exhilarating Attraction and Chic Retail; New Museums, Theaters, Galleries and Parks Are On the Way
- The First Airport Built in the United States in Almost 20 Years is in Panama City, Which Was Completed at the End of 2009; This Has Opened Travel Channels Throughout the U.S., Europe and Asia Making Panama City One of the Most Sought-After Travel Destinations in the World
DOMINANT MARKET POSITION IN FLORIDA
- Densely Populated Area With Over 58,400 People Making an Average Household Income of $71,192 Within a 5-Mile Radius
- Nearby Tenants Include: Taco Bell, Sonic, Dollar General, Wendy’s, Zaxby’s, Dunkin’, AutoZone, Publix and More
In Cooperation With SIG RE Services, LLC – Lic. # CQ1055229
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