Galleria at Callaway | Callaway, FL
Starbucks Drive-Thru Anchored Pad | 100% National Tenants; Long-Term Historical Occupancy
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Investment highlights
Starbucks Drive-Thru-Anchored Multi-Tenant Pad; 100% National Tenants:
Starbucks, GameStop, Supercuts, and Papa John’s
Starbucks, GameStop, and Supercuts are original tenants and have been operating at the subject property since 2007 (18+ years)
Long-term leases with staggered lease expirations
Corporate Starbucks lease (40,000+ locations)
Supercuts (1,800+ locations); top 20% in Florida (Placer.ai)
Papa John’s (6,000+ locations) brand-new 10-year lease with a 10% increase in 2030
Florida is an Income-Tax Free State
Strategically Located on Tyndall Parkway, Which Is the Main Thoroughfare Connecting Tyndall Air Force Base and the City of Callaway
High Visibility in Major Retail Corridor: The subject property is across from Walmart Supercenter (2.3 million annual visits, Placer.ai), which serves not only the immediate Callaway/Parker communities but also Tyndall Air Force Base and a 40+ mile stretch of beach to the east
Strong Military Economic Impact: Tyndall Air Force Base, located just 6 miles from the subject property, supports 6,000+ civilian and military workers, as well as 10,000 military retirees and their dependents, and brings in a $600 million economic impact to the region
Tyndall AFB’s $4.9 billion rebuild and expansion is driving population growth, increased contractor presence, and long-term employment stability—boosting demand for commercial services
High-Growth Demographics: 10.23% population growth from 2020 to 2025 within a 3-mile radius
Panama City-Panama City Beach MSA:
35 minutes from Northwest Florida Beaches International Airport (1.8+ million passengers in 2024)
Top-tier tourism market; Panama City is one of Florida’s strongest beach destinations, drawing millions of annual visitors
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