Murphy Express | Ground Lease Panama City, FL

1405 15th St
Panama City, FL

Price: $2,579,000
Cap Rate: 4.75%
NOI: $122,500
Building Size: Approx. 2,824 Sq. Ft.
Lot Size: Approx. 0.95 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2023

Investment Overview

  • 2023 Construction. 2,824+/- SF Building on 0.95+/- Acre Site
  • Brand New 20 Year Absolute NNN Ground Lease w/ (4) 5 Year Options to Renew
  • Hard Corner Location at the Signalized Intersection of w 15th St (37K VPD) & Lisenby Ave (8K VPD)
  • High Growth Trade Area in Panama City w/ Over 75,000 Residents Within a 5-Mile Radius of the Site
  • Murphy USA (NYSE: MUSA) is a Leading Retailer of Gasoline and Convenience Merchandise
  • Strong Income Demographics w/ an est. $86,255 Within a 5 Mile Radius
  • Panama City  |  Located Along Florida’s Emerald Coast  |  Population: 34,000+