SQUARE FEET60,000
MLS#796665
STATUSActive
PROPERTY TYPECommercial - Industrial
SUBDIVISIONHighland City
Property Description
NAI TALCOR and JH Berry are pleased to exclusively represent this Net Lease Industrial Investment asset in the Northwest Florida market of Panama City, FL. The asset is anchored by a long-term sale-leaseback structure paired with a value-add component providing a veritable riskless return expansion opportunity in one of the fastest growing markets in the country. The Seller, Buffalo Rock Company, has been operating in the Panama City market since 1986 and just completed upgrading and modernizing this facility in 2026. Complementing BR's net lease is an adjacent move-in ready 10ksf warehouse facility that was previously utilized as a commercial kitchen supporting BR's coin-operated vending services. Now vacant, the space offers a hard-to-find capability carrying significant in-place improvements allowing a strong rental rate opportunity with very limited in-market competition. About the Tenant: Founded in Birmingham, Alabama in 1901, Buffalo Rock Company is one of the nation's largest privately held, family-owned beverage bottlers and distributors and the largest privately held, family-owned Pepsi and Keurig Dr Pepper bottler in the United States. The company operates an extensive production, warehousing, transportation and distribution network serving markets throughout Alabama, the Florida Panhandle and western Georgia. Buffalo Rock's operations encompass more than 1,300 beverage SKUs, approximately 2,400 fleet assets, more than 15,000 retail customers and over seven million consumers, with the company manufacturing and selling nearly one billion units annually. With more than 125 years of operating history, a diversified portfolio of nationally recognized beverage brands and significant investment in its distribution infrastructure, Buffalo Rock represents an established regional industrial tenant with substantial long-term logistics and facility requirements.
Property Features
Property Type: Commercial - Industrial
Lot Size: 7.42 Acres
Year Built: 1982
Feature Descriptions
Days on Site: 1
Parcel#: 12697-000-000
Local Schools
High School: Bay
Middle School: Merritt Brown
Elementary School: Cedar Grove
Listed By / Shown By
2550 Sherman Avenue | MLS# 796665
This commercial property located at 2550 Sherman Avenue , Panama City, FL 32405 is currently listed for sale with an asking price of $9,980,769. Search Panama City real estate on www.realtymark.net today.