Mobile Home Park with NNN
5102 E 12th St Panama City, FL 32404
5102 E 12th St, Panama City, FL, 32404
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For Sale
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24-pad mobile home park featuring a new 5-year NNN lease with rent increasing annually.
Days on Market103
Property Features for 5102 E 12th St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Grimaldi Commercial Realty Corp
(813) 245-7333
Listed by
David Rosenthal · License #FL SL3346176
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 4:28AM Checked: Jul 22 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grimaldi Commercial Realty Corp
Investment Insights
Based on property information with market context.
The Panama City mobile home park offers 24 pads on a 3.27-acre site, with all mobile homes tenant-owned and on lot leases. The park is described as being in fantastic condition with recent upgrades to the grounds, and tenants drive up to the pads to rent their units.
A brand-new 5-year NNN lease is in place, commencing on the day of closing. The lease is structured to pay the owner $12,750 per month initially with $500 annual increases, and it includes rental increases each year. The tenant is described as responsible for repairs and maintenance at the property, along with other expenses incurred at the park; the lease is pure NNN, with the tenant responsible for taxes, while the buyer is responsible for property insurance.
The park runs on city water and city sewer, with pad tenants responsible for their own utilities. The owner’s responsibility is limited to maintaining the grounds and individual pads.
A brand-new 5-year NNN lease is in place, commencing on the day of closing. The lease is structured to pay the owner $12,750 per month initially with $500 annual increases, and it includes rental increases each year. The tenant is described as responsible for repairs and maintenance at the property, along with other expenses incurred at the park; the lease is pure NNN, with the tenant responsible for taxes, while the buyer is responsible for property insurance.
The park runs on city water and city sewer, with pad tenants responsible for their own utilities. The owner’s responsibility is limited to maintaining the grounds and individual pads.
Key Highlights
- 24‑pad Panama City mobile home park in operation for over 10 years; all mobile homes are tenant owned.
- New 5‑year NNN lease begins at closing with initial rent of $12,750/month and annual increases.
- Lease payments increase by $500 each year; minimum lease payments stated as $153,000 annually.
Property Analytics
Location Intelligence
Current Use by Public Records
Panama City Mobile ...
Campground & RV Park
Panama City Mobile ...
Housing Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - 24-pad mobile home park featuring a new 5-year NNN lease with rent increasing annually.
Where is this mobile home & rv park located?
The property is located at 5102 E 12th St Panama City, FL.
What are key features of this property?
This property features: 24‑pad Panama City mobile home park in operation for over 10 years; all mobile homes are tenant owned.; New 5‑year NNN lease begins at closing with initial rent of $12,750/month and annual increases.; Lease payments increase by $500 each year; minimum lease payments stated as $153,000 annually.
