307 S Tyndall Pky - Auto Repair FOR SALE


Panama City, FL 32404
$2,045,455 USD
203-253-9455
307 S Tyndall Pky, Panama City, FL for Sale
$2,045,455 USD
Auto Repair - FOR SALE
1/2
null | 5.5% Cap Rate

307 S Tyndall Pky
Panama City, FL 32404


HIGHLIGHTS

  • Long-Term 20-Year NNN Sale-Leaseback
  • Strong Corporate Guarantee This lease will be subject to a strong corporate guarantee from Drive Funding Holdco, LLC, (3,500+ Units).
  • 20 Years of Renewal Options There are 4, 5-year renewal options, providing a secure and long-term source of income.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Oil Change located at 307 South Tyndall Pkwy, Panama City, FL 32404. The site consists of roughly 1,435 rentable square feet of building space on an estimated 0.65-acre parcel of land. This Take 5 Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $112,500 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$2,045,455 USD

PRICE/SF

$1,425 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

Comm

APN/PARCEL ID

07051-020-000

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.