7625 Front Beach RdPanama City Beach, FL 32407

Exceptional investment opportunity: This 6,365 square foot, absolute NNN leased convenience store and gas station boasts a 17.4-year remaining lease term (20-year initial term commencing April 9, 2022, expiring April 8, 2042) with 7% rent bumps every five years and two five-year renewal options. The property, situated on a highly visible, two-acre parcel on Front Beach Road in Panama City Beach, Florida, includes a 4,928 square foot convenience store, a 1,437 square foot automated carwash, five vacuum stations, and sixteen fueling stations. Built in 2022, this property generates a strong NOI of $660,000, representing a 5.50% cap rate on the $12,000,000 asking price ($1,885.31 per square foot). The strong tenant, backed by a guarantor with a net worth exceeding $66,000,000, ensures a secure investment. The property benefits from its prime location near major retailers such as Walmart, Home Depot, Lowe's, Publix, and Winn-Dixie, as well as higher education institutions including Gulf Coast State College and Florida State University Panama City. This turnkey operation offers a compelling combination of strong cash flow, long-term lease security, and a desirable location in a thriving retail corridor. The property's 100% occupancy further solidifies its value as a stable and profitable investment.