Trulieve – Panama City, FL

1020 E 23rd Street Panama City, FL 32405

The vacant Steak N' Shake in Panama City is located along 23rd Street (40,000 AADT) as an outparcel to the Hilton Garden Inn and the Panama City Mall. The property sits along the main retail corridor in the market and is in close proximity to the Tyndall Air Force Base. TCII was able to secure a new lease with Trulieve to open a dispensary in this former restaurant location.

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marc lewin
Marc Lewin O: 305.792.5760 C: 305.984.7496 E: marc@tciicapital.com
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Unit Number Tenant Name Square Feet Documents Lease Rate
1020 Vacant 3246 -
Property Size 3,246 Sq. Ft.
Lot Size 1.41 Acre
Zoning Commercial
Year Built/Renovated 2019
Parking Spaces 68
Property Type retail
Number of Buildings 1
Occupancy 0%
Property Highlights
  • Outparcel to Panama City Mall
  • Traffic Counts: E. 23rd Street - 40,000 AADT
  • Built in 2019//Rennovated in 2024
  • Located near Tyndall Air Froce Base and Panama City Beaches
Property Description

This vacant Steak N’ Shake in Panama City is located along 23rd Street (40,000 AADT) as an outparcel to the Hilton Garden Inn and the Panama City Mall. The property sits along the main retail corridor in the market and is in close proximity to the Tyndall Air Force Base.

TCII is in the process of finalizing a new lease with a Tenant expected to open in the summer of 2024.

Demographics 1 Mile 3 Miles 5 Miles
Total Population 3,146 47,147 84,395
Total Households 1,452 20,210 36,096
Household Income $76,372 $68,022 $73,518
Average Age 40.5 40.5 41.5
Traffic Counts
E 23rd Street - 40,000 AADT -
- -
Document Title
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