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23733469
23733470

1602 Mlk Jr Blvd, Panama City, FL 32405

FD
FL #SL3389522
Premier Commercial Group
Listed by Premier Commercial Group
$2,750,000
366 days on market
Updated 9 days ago

National Credit Tenants | Industrial & Office NNN

Details
APN 14494-000-000
Property Type Industrial, Land (+2)
Sub Type Commercial, Distribution (+1)
Square Footage 7,132
Net Rentable (SqFt) 7,132
Units 2
Cap Rate 8%
NOI $220,000
Occupancy 100%
Tenancy Single
Brand/Tenant Avis
Lease Type NNN
Lease Term 7
Broker Co-Op Yes
Buildings 5
Stories 1
Acreage 1.870
Zoning Neighborhood Downtown
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Occupancy Date 08/01/2025

Avis car Rental NNN Lease Property

Marketing description

Prime Commercial Opportunity – 1602 MLK Blvd, Panama City Beach, FL. The property is currently leased to Avis Car Rentals corporate. The lease reports sales and has an annual percentage sales "Kicker," additionally the second tenant is one of the largest tenants in the USA and cannot be disclosed without an NDA. Unlock the potential of this high-visibility commercial property near the Panama City Mall! This offering includes approximately 1.87+/- acres available for sale for $2,750,000, with flexible development options. Don’t miss your chance to secure a versatile commercial site in a thriving area!

Investment highlights

  • Two-Tenant Net Lease Investment – 100% occupied by nationally recognized tenants

  • Strategic Location – High-visibility site with excellent regional access to major highways and population centers.

  • Fully Impervious Site – Maximizing usable space

  • Prime Location – High-traffic area near major retailers

Listing Contacts

FD
FL #SL3389522
Premier Commercial Group
Listed by Premier Commercial Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$220,000.00
$18,333.33/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Fletcher Dilmore
License
#SL3389522
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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