Panama City Corner
3100 W 23rd St, Panama City, FL 32405
- Added:
- Mar 6, 2026
- Days on Market:
- 82
- Last Refresh:
- Apr 5 at 8:53 pm
Property Features for 3100 W 23rd St
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agent Scott De Young License #CalDRE #01889050 (949) 221-1835
Listing office Faris Lee Investments (949) 221-1835
Listing date Mar 6, 2026
Source Farislee
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 Faris Lee Investments
HighLights
- New 20‑year absolute NNN ground lease with zero landlord responsibilities, ideal for passive investors.
- Corporate‑backed Murphy USA (NYSE: MUSA), BB+ rated, Fortune 500 company with $20B+ revenue and 1,700+ locations.
- 8% rent increases every 5 years, providing growing cash flow, value appreciation, and inflation protection.
- Four 5‑year renewal options, offering up to 40 years of potential term.
- High‑profile Panama City corner location with strong traffic, excellent visibility/access, and a 78K+ local population.
- Located in Panama City, FL, a growing coastal city with a 200,000+ population, affordable housing, and family‑friendly recreation.
Overview
Located in Panama City, Florida, this property benefits from its position in the largest city between Pensacola and Tallahassee, serving as the county seat of Bay County and the economic anchor of the Florida Panhandle. Panama City is a historic port town on St. Andrews Bay, supported by a strong military presence from Tyndall Air Force Base and Naval Support Activity Panama City, as well as major industrial and governmental employers. The city has a growing, community-focused identity, with a burgeoning arts and cultural scene centered around its historic downtown and the St. Andrews neighborhood. The property is a corporate-backed Murphy USA (NYSE: MUSA). It features a new 20-year ground lease with four 5-year renewal options, offering up to 40 years of potential term. The absolute NNN ground lease requires the tenant to cover all expenses and maintenance, providing zero landlord responsibilities. Rent increases of 8% occur every 5 years. The property is located on a high-profile corner in Panama City, which has a population of over 200,000, with access to affordable housing, family-friendly recreation, and St. Andrews Bay waterfront. The local population is over 78,000 with an average income of over $93,000. The property benefits from strong traffic and excellent visibility and access.
Property Profile
Location Intelligence
Current Use by Public Records
Gas stations
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.7012
- Latitude
- 30.1902
Nearby Similar for Sale
FAQs
What type of property is this?
Gas station - NNN ground lease in growing Panama City, Florida.
Where is this gas station located?
The property is located at 3100 W 23rd St Panama City, FL.
What are key features of this property?
This property features: New 20‑year absolute NNN ground lease with zero landlord responsibilities, ideal for passive investors.; Corporate‑backed Murphy USA (NYSE: MUSA), BB+ rated, Fortune 500 company with $20B+ revenue and 1,700+ locations.; 8% rent increases every 5 years, providing growing cash flow, value appreciation, and inflation protection.
