Circle K NNN Ground
4645 Lindsey Xing, Panama City, FL 32404
New 15-year NNN ground lease with rental increases.
Type:Retail
Property size:
3,956 SFPrice / SF:
$903/SF- Added:
- Feb 5, 2026
- Days on Market:
- 96
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 4645 Lindsey Xing
General Information
- Standard status
- Active
- Size
- 3,956 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing agent Vincent Aicale License #CA 01728696
Listing office Cushman & Wakefield - Sacramento, California
Listing date Feb 5, 2026
Source Crexi
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 Cushman & Wakefield - Sacramento, California
HighLights
- 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).
- Located as an outparcel to Publix Super Market at Panama City Centre, which welcomes over 500,000 visitors annually.
- New construction (Year Built: 2026).
- Circle K is a financially stable tenant with over 16,000 locations globally.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.4833
- Latitude
- 30.1957
Nearby Similar for Sale
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 is the asking price?
The asking price for this property is $3,573,000.
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).
