Dutch Bros Coffee
2399 FL – 77
Panama City, FL

Property Details
available
Address
2399 FL – 77
City
Panama City, FL
Zipcode
32405
Net Operating Income
Year Built
2025
Cap Rate
5.05%
Lease Structure
Lot Size
.70 AC
Lease Term
Building Size
950
SQ FT
Highlight
Investment Details
Brand New Dutch Bros | Absolute NNN Lease | Prime FL-77 Location
Newly constructed Dutch Bros Coffee on a 15-year absolute NNN lease, backed by a corporate guaranty from Boersma Bros, LLC. The site is set to open in late October 2025, offering a stabilized, income-producing asset from day one.
Strategically positioned on FL-77 with ±27,000 VPD, the property benefits from strong visibility and access within a growing Panama City retail corridor—adjacent to Bay City Point and near the Panama City Mall redevelopment.
This 0.70-acre parcel with 950 SF GLA features 10% rent bumps every 5 years, making it a true turnkey, passive investment in a high-growth Florida market.
Investment Highlights
- Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM) making this an ideal investment for investors seeking true passive incoming producing assets with zero landlord responsibilities.
- Brand New Construction - Build-to-suit (BTS) designed specifically for Dutch Bros’ proven prototype, allowing for optimal efficiency and continuous success of dominant market share throughout the US.
- Premier Retail Location - Strategically positioned amongst the nation’s top retailers including Home Depot, Target, and Lowe’s conveying, strong co-tenancy, and a rapidly expanding local market.
- New Development 25 Acre Bay City Point Retail Center Phase I & II - Located right down the street from a newly constructed Burlington and Hobby Lobby anchored power center with tenants including: Ulta Beaty, Five Below, Cracker Barrel, Starbucks, Discount Tire, Chick-fil-A, McDonald’s, Xfinity, Vitamin Shoppe, Panda Express, Aspen Dental and many more.
- Future Expansion Plans - Dutch Bros is pursuing aggressive growth, targeting 2,029 shops by 2029, nearly doubling its current footprint. The company projects opening 160–200 new locations annually, with long-term potential to expand to 7,000+ units.
Disclaimer:All images and renderings shown are for illustrative purposes only. Actual building design, materials, and final construction details may vary. Additional building photos included in this listing are representative, sourced from public online materials, and do not depict the subject property.
Broker of Record
BANG REALTY-NAPLES, INC
BRIAN BROCKMAN
BOR@BANGREALTY.COM 513.898.1551
LIC BK3327646 (FL)
Brian Brockman
Bang Realty - Naples, Inc
Bor@bangrealty.com
513.898.1551
LIC. # BK3327646 (FL)
Asking Price
$3,478,198
cap rate
5.05%
%
Contact Us
.png)



