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1602 Martin Luther King Jr Blvd
Panama City, FL 32405
Amazon · Flex Property For Sale
Investment Highlights
- Single-tenant property leased to Amazon under a NNN structure, delivering minimal landlord responsibilities.
- ±1.3 years remaining on the lease with an expected 2-year renewal option backed by nearby fulfillment hub expansion.
- Surrounding area includes leading national anchors, hospitality, and dining, reinforcing long-term viability.
- 10% in-place cap rate supported by approximately $108,500 NOI and day-one yield performance.
- Located adjacent to Panama City Mall in a high-visibility logistics and retail corridor with strong traffic counts.
- Offered at $1,085,000, providing a compelling investment for net-lease and 1031 exchange buyers.
Executive Summary
This single-tenant property, located at 1602 MLK Jr Boulevard in Panama City, Florida, represents a strong investment opportunity anchored by Amazon, a global leader in logistics. Positioned on ±2.0 acres within one of Panama City’s most active commercial corridors, the asset delivers stable in-place income with a 10% cap rate based on approximately $108,500 of annual NOI. The site offers exceptional renewal potential, supported by the ongoing development of an Amazon fulfillment center nearby, which enhances the facility’s role as a last-mile or logistics-support location.
The property benefits from its high visibility along MLK Jr Boulevard, a primary thoroughfare near Panama City Mall, national retailers, and key transportation routes that connect the city’s growing consumer base. With ±1.3 years remaining on the current lease and an anticipated two-year renewal option, purchasers gain predictable cash flow and meaningful upside from potential extensions. Ideal for investors seeking long-term stability and alignment with e-commerce growth, this offering provides an attractive small-check entry point with institutional credit tenancy.
The property benefits from its high visibility along MLK Jr Boulevard, a primary thoroughfare near Panama City Mall, national retailers, and key transportation routes that connect the city’s growing consumer base. With ±1.3 years remaining on the current lease and an anticipated two-year renewal option, purchasers gain predictable cash flow and meaningful upside from potential extensions. Ideal for investors seeking long-term stability and alignment with e-commerce growth, this offering provides an attractive small-check entry point with institutional credit tenancy.
Property Facts
Amenities
- 24 Hour Access
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