2263 Martin Luther King Jr Blvd, Panama City, FL 32405
The subject property is brand new McDonald’s restaurant located as an outlot to the 170,000+ square foot retail development known as Bay City Point in Panama City, FL. This is a rare relocation store for McDonald’s who have been operating an existing restaurant just ¼ mile away for over 30 years. The 1.10+/- acre parcel is ideally positioned at the signalized entrance into the shopping center with excellent visibility and access to the 23,500 vehicles per day. McDonald’s is signed to a new 20-year NNN ground lease that commenced in November, 2020. Construction is scheduled to commence in February, 2021 with an expected opening in May, 2021. The landlord friendly lease features fixed 10% rental increases every 5 years. The NNN ground lease structure provides for no landlord responsibilities or expenses.
License(s): FL: BK3154667
Florida
The subject property is brand new McDonald’s restaurant located as an outlot to the 170,000+ square foot retail development known as Bay City Point in Panama City, FL. This is a rare relocation store for McDonald’s who have been operating an existing restaurant just ¼ mile away for over 30 years. The 1.10+/- acre parcel is ideally positioned at the signalized entrance into the shopping center with excellent visibility and access to the 23,500 vehicles per day. McDonald’s is signed to a new 20-year NNN ground lease that commenced in November, 2020. Construction is scheduled to commence in February, 2021 with an expected opening in May, 2021. The landlord friendly lease features fixed 10% rental increases every 5 years. The NNN ground lease structure provides for no landlord responsibilities or expenses.
License(s): FL: BK3154667
Florida