Circle K Ground Lease | Publix Outparcel
15-Year Abs NNN Ground Lease | Panama City, FL
Marketing description
New 15-year absolute NNN ground lease to Circle K, one of the largest chains of company-owned convenience stores in the U.S.
5% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment.
Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience.
Circle K is experiencing growth in various areas, including store count, in-store offerings, and fuel site rebranding.
Highly visible and easily accessible location along County Road 390 (17,000 AADT), a primary east-west Panama City retail thoroughfare.
The site’s proximity to U.S. Route 231 allows the property to capture significant local and commuter traffic (34,000 AADT).
Located as an outparcel to Publix Super Market at Panama City Centre, which welcomes over 500,000 visitors annually.
Investment highlights
- Ideal Circle K Location: Highly visible and easily accessible location along County Road 390 (17,000 AADT), a primary east-west Panama City retail thoroughfare.
- Reliable Tenancy: Circle K operates more than 16,000 locations globally, demonstrating financial stability and brand resilience.
- Ideal Demographic Base: The five-mile radius serves a populous region of 51,422, with an average annual household income of $132,090 within one mile.
- Multi-Family Communities: Surrounded by multi-family planned communities, including Cherokee Heights, College Point Estates, and Derby Woods.
- Publix Outparcel: Located as an outparcel to Publix Super Market at Panama City Centre, which welcomes over 500,000 visitors annually.
- Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Circle K and Panama City for steady concurrent growth.
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