Shops at Bay City Point

Investment Highlights

 CLASS-A NEW CONSTRUCTION STRIP CENTER BAY CITY POINT DEVELOPMENT

• Bay City Point Shops is a 21,540 square foot new construction strip center located in Panama City, FL
• These shops are part of the Bay City Point Development, a brand-new 24+ acre retail development
• The development encompasses a new construction power center, multiple outparcels leased to national investment grade tenants, and is across from Panama City Mall currently undergoing a redevelopment.
• In addition to being shadow anchored by a Class-A Power Center, these shops are positioned in the heart of the major retail corridor of Panama City

BAY CITY POINT DEVELOPMENT

• Bay City Point is a new development in the heart of Panama City that finalized construction in 2023
• The power center, recently sold to an institutional investor, includes Hobby Lobby, Burlington, Five Below, Ulta, & Sketchers
• Outparcel tenants include McDonald’s, Chick Fil A, Dunkin’, Chipotle, Aspen Dental, Which Wich, Cracker Barrell, Panda Express, Discount Tire, and more
• Across from Bay City Point is the Panama City Mall, a 600,000+ sf commercial development that will comprise a mixed-use development with retail, office, multifamily, and a hotel

NATIONAL TENANT LINEUP STABILIZED WITH LONG TERM LEASES HEART OF MAJOR RETAIL CORRIDOR

• Bay City Point Shops has a national tenant lineup that includes Xfinity, Vitamin Shoppe, Smile Doctor, and Chicken Salad Chick, and more
• Each tenant signed its long-term lease in the last 12 months
• The property is 100% stabilized
• Weighted Average Lease Term (WALT): 7 Years

HEART OF MAJOR RETAIL CORRIDOR

• Bay City Point is located at the epicenter of the major retail corridor in Panama City Beach
• 3M Square feet of retail in 1-Mile Radius
• Surrounding Tenants Include
• High Traffic Intersection: Located at corner of E 23rd Street (35,000 VPD) & SR-77 (28,000 VPD)