412 Lyndell Ln Panama City Beach, FL 32407

This exceptional investment opportunity presents a fee-simple ownership of a 9,026 square foot Dollar General storefront located at 412 Lyndell Ln, Panama City, FL 32407. The property sits on a 1.43-acre lot and boasts a 100% occupancy rate under a corporate-guaranteed, absolute NNN lease with approximately 3.4 years remaining. The lease, originally commencing March 29, 2013, and expiring March 28, 2028, includes four to five-year option periods with a 10% rent increase at each renewal. The current asking price is $2,223,550, representing a price per square foot of $246.35 and a 6.50% cap rate. The property generates a substantial net operating income (NOI) of $144,531 annually. Dollar General, a Standard & Poor's "BBB" rated investment-grade tenant, operates over 12,500 stores and boasts a net income exceeding $1.25 billion and total assets over $11.6 billion. This asset is ideally suited for a 1031 exchange, offering ease of management and zero landlord responsibilities due to the absolute NNN lease structure. Located in the tax-free state of Florida, within a thriving economy encompassing tourism, finance, retail, services, and healthcare, this property offers a secure, long-term cash flow stream with significant upside potential.