Circle K for Sale in Panama City, FL
Panama City, FL
Key Investment Metrics
Price
$2,700,000
Cap Rate
5.0%
Net Operating Income
$135,000
Building Size
5200 SF
Land Area
1.96 Acres
Remaining Term
15 years
Lease Expiration
06/30/2041
Lease Term
15 years
Lease Commencement
06/05/2026
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2026
Tenancy
Single
Rent Increases
5% rental increases every five (5) years in initial term and option periods
Property overview
Circle K in Panama City
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 5,200 SF
- Land area
- 1.96 acres
- Year built
- 2026
- Lease type
- Absolute NNN
- Lease expiration
- 06/30/2041
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.