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Approved Cannabis Dispensary, QSR, Bar,Retail 5401 Hwy 98
2,500 SF of Retail Space Available in Panama City, FL 32404
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,500 SF | 5-10 Years | $28.09 CAD/SF/YR $2.34 CAD/SF/MO $302.40 CAD/m²/YR $25.20 CAD/m²/MO $5,853 CAD/MO $70,234 CAD/YR | Triple Net (NNN) |
1st Floor
Previously used as Bar/ Nightclub Spacing Landlord willing to review QSR Drive Thru Tenant Proposals Owner willing to work with qualified Restaurant Tenants on trap and hood 5 Miles from Tyndall Air Force Base Up to 2,500 square feet available Asking $20 psf/ yr NNN Lease structure Multiple points of entry/ exit into and out of Property High Traffic Counts Access from both Tyndal Parkway and Highway 98 Ample Parking
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 5401 Hwy 98 , Panama City, FL 32404
| Property Type | Retail | Year Built/Renovated | 1968/1984 |
| Property Subtype | Retail | Parking Ratio | 10/1,000 SF |
| Gross Leasable Area | 4,780 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Leasable Area | 4,780 SF |
| Year Built/Renovated | 1968/1984 |
| Parking Ratio | 10/1,000 SF |
About the Property
Keller Williams is proud to present a rarely available Second Generation Bar/ Retail Space. The Property is ideal for a Tenant looking for a high visibility location with access from both Tyndal Parkway and Highway 98. Landlord is willing to work with QSR Tenants who require a drive thru. We estimate 75 Parking Spaces with drive thru lanes. Ample space for parking, 2,500 square feet available. Can be used for any retail purpose. No trap or hood currently in place, Landlord is willing to work with qualified Tenant for TI. Possible usages could include coffee, restaurant, retail storefront, pizza, and convenience stores. Approved Cannabis Dispensary site, owner has all zoning letters.
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Casey Prindle -
KELLER WILLIAMS REALTY JUPITER
Presented by
Approved Cannabis Dispensary, QSR, Bar,Retail | 5401 Hwy 98
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