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+
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