Panama City Center

• Advantageously located within the heart of Panama City, Florida — A growing panhandle market which is home to a major tourism industry and major military installations like Tyndall AFB and Naval Support Activity Panama City; which recently underwent a $4.5B massive modernization of base facilities and injects billions into the local economy, supporting a robust local job market
• Over 6 years of average remaining anchor lease term, bolstering stability and buyer ability to secure more attractive financing, if required — Further enhanced by Ross with 23 years of tenure at the Property and excellent foot traffic data, ranking it #181 in the nation – a top 10% store
• Shadow-anchored by an attached Home Depot for over 28 years which ranks #29 (top 1%) in the U.S. for consumer foot traffic — Providing a proven regional consumer draw for adjacent tenants at Panama City Center
• Excellent leasing momentum via the recent back-fill of a former Jo-Ann with Boot Barn on a 10-yr lease — A testament to the ongoing viability of the Property within the Panama City market
• Complimentary Anchors with Major Mark-to-Market Play — Ross pays well below market rent with no remaining term or options after 2034, while the brand-new Boot Barn provides additional stability through a new 10-year lease. Together, they create a highly unique combination of existing stability and a lucrative mark-to-market opportunity
• Rapidly growing and increasingly affluent trade area demographics — Highlighted by a 2.6% projected annual growth rate through 2030 within a mile of the Property with an Avg. HH Income of $91,890
• Projected CAGR of over 4.3% over a 10-yr hold period — Providing notable, intrinsic NOI growth for an incoming investor
• Situated within the market’s regional retail center of gravity — Surrounded by synergistic consumer draws, including Burlington, Ulta, Five Below, Hobby Lobby, Lowe’s, Target, bealls, JCPenney, Dillard’s, Books-A-Million, PetSmart, Best Buy and more