Circle K NNN Ground
For Sale
Contact for pricing
4645 Lindsey Xing, Panama City, FL 32404
New 15-year NNN ground lease with rental increases.
Property Size3,956 SF
Price / SF$875.88
Days on Market139
Property Features for 4645 Lindsey Xing
General Information
Standard status
Active
Size
3,956 SF
Total Parking Spaces
21
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$173,250
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Vincent Aicale · License #CA 01728696
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 11 at 8:00AM
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
Investment Insights
Based on property information with market context.
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.
Key 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).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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 $3,465,000.
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).
