Murphy USA Panama City Beach, FL 32408

12 Thomas Dr
Panama City Beach, FL 32408

Price: $2,520,000
Cap Rate: 5.00%
NOI: $126,000
Building Size: Approx. 2,824 Sq. Ft.
Lot Size: Approx. 1.06 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2024

Investment Overview

  • 2024 Construction. 2,824+/- SF Building on 1.05+/- Acre Site
  • 20-Year Absolute NNN Ground Lease With Corporate Guarantee and 8% Rental Increases Every 5 Years
  • Located on a High-Traffic, Large Corner Parcel (51,000+ VPD, 1.06 Acres) at Panama City Beach Pkwy and Thomas Dr
  • Key Location | Last Gas Station Before Crossing the Hathaway Bridge Into Panama City
  • Tourist Appeal | Panama City Drew 4.5M Visitors and Generated $3 Billion+ of Tourism Revenue in 2023
  • Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $25.45B in Revenue
  • Panama City | Annually Attracts 4.5M Visitors | Population: 34,045+

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