2550 Sherman Avenue

Bay County, Florida, is located on the Gulf of Mexico in Northwest Florida and includes the vibrant communities of Panama City, Panama City Beach, and Lynn Haven. With a population of more than 199,950, growing at nearly twice the national rate and over 621,000 people within a 60-mile radius, the county offers a strong and expanding workforce. The local economy is anchored by tourism, military, education, and an increasingly advanced manufacturing base. Many residents and businesses choose Bay County for its opportunities, thriving economy, and exceptional quality of life. Bay County is home to Tyndall Air Force Base and Naval Support Activity Panama City, which together employ more than 12,000 active-duty and civilian personnel. Across the broader region, six major military installations contribute over 5,000 skilled service members transitioning to the civilian workforce annually. Strategically connected, Bay County features the nation's newest international airport, Northwest Florida Beaches International Airport (ECP), and Port Panama City, a deep-water port with global reach that supports trade, logistics, and continued economic growth. Bay County offers the rare combination of strategic location, robust infrastructure, and skilled talent, making it one of the most competitive and dynamic places to live, work, and invest in the Southeast.Marketing 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.