Dairy Queen for Sale in Panama City Beach, FL
Panama City Beach, FL
Key Investment Metrics
Price
$1,959,000
Cap Rate
5.5%
Net Operating Income
$107,747
Building Size
2897 SF
Land Area
1.02 Acres
Remaining Term
5.7 years
Lease Expiration
04/09/2032
Lease Term
15 years
Lease Commencement
04/10/2017
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2007
Tenancy
Single
Rent Increases
8% rental increases every 5 years
Property overview
Dairy Queen in Panama City Beach
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,897 SF
- Land area
- 1.02 acres
- Year built
- 2007
- Lease type
- Absolute NNN
- Lease expiration
- 04/09/2032
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.