Listed by Century 21 Commander Realty Inc
$99,999
1000 E 23rd St A-1 Street
Details
APN 14405-000-000
Property Type Business for Sale
Sub Type Business Only
Net Rentable (SqFt) 1,500
Units 1
Cap Rate 27.60%
NOI $44,729
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 06/01/2028
Remaining Term 3
Lease Options 5 + 5 option to continue
Class B
Year Built 2004
Numbers are fantastic if you are looking for a business to turn around and add capital upside!
Marketing description
Welcome to 1000 E 23rd St; A Prime Opportunity, along the 2 most used roads in all of Panama City, HWY 231 and 23rd St! With the option to bring in your own business, (upon the acceptance of the owner) this location offers an abundance of opportunity! Mochinut has been established in this community for 5 years, providing top quality items that no one could imagine putting together! Choosing from their donuts to their ice cream & their exotic choices of fried flavors, this place is the true snack spot! P&L of previous operation will be provided in Documents tab
Investment highlights
This property comes with all FF&E
Turnkey in operation
Listing Contacts
Listed by Century 21 Commander Realty Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,729.00
$3,727.42/mo
Valuation Metrics
0
DSCR
44.73%
Cap Rate
44.73%
ROI
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