Avis Car Rentals at 1602 MLK

Brand-new corporate NNN Avis investment.

1602 MLK Jr Boulevard is a premier net-lease investment opportunity on approximately ±1.0 acre in Panama City, Florida. The property is secured by a brand-new 10-year corporate triple-net lease with Avis Car Rental, delivering stable long-term income with minimal landlord responsibilities. The lease structure includes reported sales and a percentage-rent “kicker,” providing additional upside tied to tenant performance. The store is scheduled to open in May 2026 in a high-visibility commercial corridor near Panama City Mall and surrounded by national retailers, hotels and major traffic drivers.