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3100 W 23rd St
Panama City, FL 32405 Pretty Bayou

$2,845,000 USD

Convenience Store For Sale  •  2,824 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 2,824 SF
  • Building Class B
  • Year Built 2025
  • Tenancy Single
0 Transit Score
50 Walk Score

Highlights

Corporate-backed Murphy USA (NYSE: MUSA), BB+ rated with 1,700+ locations, $20B+ revenue, Fortune 500 ranking, and a long-standing convenience fuel.
New 20-year ground lease with four 5-year renewal options, offering up to 40 years of potential term and long-term investor stability.
Absolute NNN ground lease with the tenant covering all expenses and maintenance, providing zero landlord responsibilities ideal for passive investors.
8% rent increases every 5 years, delivering growing cash flow, value appreciation, inflation protection, and stronger long-term returns.
Panama City, FL,a growing coastal city with 200,000+ population, affordable housing, family-friendly recreation, and St. Andrews Bay waterfront access
High-profile Panama City corner with 78K+ local population, $93K+ average income, strong traffic, and excellent visibility/access.

Public Transportation

AirportDriveWalkDistance
Northwest Florida Beaches International 37 min - 22.1 mi
Jeff Conover 949-412-1616 Faris Lee Investments
Jeff Conover 949-412-1616 Faris Lee Investments