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4645 Lindsey Xing Panama City, FL 32404

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For Sale
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New 15-year NNN ground lease with rental increases.

Property size:
3,956 SF
Lot size:
2.41 Acres

Property Features for 4645 Lindsey Xing

General Information

Standard status
Active
Size
3,956 SF
Lot size
2.41 Acres

Building Details

Year built
2026

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Listing Contact
Vincent Aicale
Vincent Aicale
Source: Crexi

Listing Agency: Cushman & Wakefield - Sacramento, California Listing Agent: Vincent Aicale

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Circle K NNN Ground Lease

This property features a new 15-year absolute NNN ground lease with Circle K, one of the largest company-owned convenience store chains in the U.S. The lease includes 5% rental increases every five years during the initial term and option periods. As a fully passive investment, the tenant is responsible for all taxes, insurance, maintenance, roof, structure, and parking lot upkeep. Circle K operates over 16,000 locations worldwide, indicating financial stability and brand strength. The company is currently experiencing growth across various sectors, including store count, in-store offerings, and fuel site rebranding. The property benefits from a highly visible and easily accessible location along County Road 390, which sees an average annual daily traffic count of 17,000 vehicles. Its proximity to U.S. Route 231 allows the property to capture significant local and commuter traffic, with that route seeing 34,000 vehicles AADT. The site is located as an outparcel to Publix Super Market at Panama City Centre, which attracts over 500,000 visitors each year. The property size is 3,956 square feet.
Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Hotel & Motel Garden Center Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Panama City
County
Walton
State
Florida
Longitude
-85.4833
Latitude
30.1957

FAQs

What type of property is this?
Grocery and convenience store - New 15-year NNN ground lease with rental increases.
Where is this grocery and convenience store located?
The property is located at 4645 Lindsey Xing Panama City, FL.
What are key features of this property?
This property features: - Absolute NNN ground lease to Circle K, a fully passive investment.; - 5% rental increases every five years, ensuring consistent income growth.; - Highly visible and easily accessible location along County Road 390 (17,000 AADT) and proximate to U.S. Route 231 (34,000 AADT).
More about this property
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