11049 Hutchison Blvd Panama City Beach, FL 32407

This exceptional Panama City Beach, FL storefront presents a compelling investment opportunity. The 3,100 square foot, Class A property, located at 11049 Hutchison Blvd (APN 34779-011-030), boasts a 15-year net lease with Sunburn, a corporate-guaranteed tenant, commencing July 1, 2024, and expiring June 30, 2039. The lease includes 3% annual rent bumps and four to five-year renewal options. The current NOI is $270,000, yielding a 7.71% cap rate, with a purchase price of $3,500,000 ($1,129.03/sq ft). The property sits on a 0.64-acre lot, zoned T-3, and benefits from a high traffic count of 28,000 cars daily. The building, constructed in 2024, is a Sunburn prototype featuring a safe room and a $90,000 glass display. The landlord's responsibilities are limited to property taxes, with reimbursement from the tenant. Over $500,000 in tenant improvements were completed by the developer. This single-story building offers significant potential for long-term passive income and appreciation in a rapidly growing market. The property is fee simple ownership.