Amazon at 1602 MLK

Single-tenant NNN with near-term renewal — next to the new Panama City fulfillment center.

1602 MLK Jr Boulevard is a single-tenant investment opportunity leased to Amazon on approximately ±2.0 acres in Panama City, Florida. The offering delivers strong in-place cash flow at a 10% cap rate, with approximately 1.3 years remaining on the current lease and a two-year renewal option. The tenant is expected to renew, supported by the nearby Amazon fulfillment center under development. The property sits in a high-visibility commercial corridor near Panama City Mall and surrounded by national retailers and ongoing commercial growth.