280 N Tyndall Pky
Panama City, FL 32404
Murphy Express · Retail Property For Sale

Fundamental Visibility & Access - 20-year Absolute NNN fee simple ground lease - Located at hard corner, signalized intersection - 8% rent increases and four (4), 5-year options - New 2019 construction with 8 fuel bays - Projected store opening October 15, 2019 - Multiple Access Points on N Tyndall Pkwy (U.S. Hwy 98) & Wewa Pkwy (U.S. Hwy 22) - Robust Traffic Counts of ±40,000 VPD on N Tyndall Pkwy & ±19,000 VPD on Wewa Pkwy - Optimal demographics: 5-mile population of ±59,804 & 5-mile daytime population of ±70,385 Robust Regional Trade Area - Panama City is the county seat of Bay County, which has a trade area population of more than 200,000 - Tourism in Panama City/Bay County generates over $1.9 billion in direct spending & 20,000 local jobs - Low retail vacancy rate of 1.3% in Panama City area - ±1.0 mile to Walmart Supercenter, Chick-Fil-A, Beall’s Outlet, Starbucks, McDonalds, Walgreens, Winn-Dixie, Holiday Inn Express, and Comfort Suites - ±4.0 miles to Bay Medical Sacred Heart Regional Hospital (323-bed medical facility, 1,900 employees including 300 physicians) - ±5.6 miles to Panama City Mall (608,339 SF shopping mall) - ±5.7 miles to Tyndall Air Force Base (6,416 personnel/residents) - ±6.3 miles to Bay City Point, a 200,000 SF development anchored by Target, Kohl’s, Dillard’s, Home Depot, Lowe’s, Walmart, Publix, TJ Maxx, Hobby Lobby, and PetSmart - ±10 miles to Gulf Coast State College (7,207 students enrolled) - ±13 miles to Naval Support Activity Panama City (4,931 employees & $400 million economic impact on the local economy) - ±14 miles to Panama City Beach - ±15 miles to Panama City Beach Sports Complex, a 160-acre complex scheduled to open in July 2019