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Multi-Tenant NEW CONSTRUCTION Commercial Bldg 11697 Panama City Beach Pky 7,766 SF of Retail Space Available in Panama City Beach, FL 32407
HIGHLIGHTS
- NEW CONSTRUCTION - BREAKING GROUND EARLY AUGUST 2025 - GREY SHELL COMPLETION DATE MARCH 2026
- Located directly off Panama City Beach Parkway
- Retail, Office, Medical... Ect.
- 7,766 SF TOTAL CAN BE SUBDIVIDED
- Multi Tenant Center
- Looking for Franchise/National tenant OR Multi location business.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,766 SF | 5 Years | $48.46 CAD/SF/YR $4.04 CAD/SF/MO $376,321 CAD/YR $31,360 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
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.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 7,766 SF | Year Built | 2026 |
| Property Type | Retail | Construction Status | Under Construction |
| Gross Leasable Area | 7,766 SF |
| Total Space Available | 7,766 SF |
| Property Type | Retail |
| Gross Leasable Area | 7,766 SF |
| Year Built | 2026 |
| Construction Status | Under Construction |
ABOUT THE PROPERTY
Commercial Real Estate Professionals, Inc. and Mark Allen are pleased to offer this forthcoming multi-tenant retail/medical/office space for lease. Total square footage 7,766 and can be divided or leased as a whole. Zoning permits Retail, Medical, and Office. Phase 3 electric. Asking rate is $35.00/PSF NNN lease with a 5-year minimum term. $6-$8 CAM/SF. Brand new Construction, Commercial Lease. Build Permit Obtained, breaking ground early August 2025. Landlord is looking for franchise/national tenants and/or multiple-location businesses. The strip center block structure as a gray shell will be completed within six months so, a completion date is anticipated by March 2026 or sooner. Owner said if a tenant commits early, then they can work with them to get the rough plumbing/electrical in now and their metal framing with the interior build/out or the tenants own subcontractor. It would accelerate their timeline to get moved in.
- Air Conditioning
NEARBY MAJOR RETAILERS
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Multi-Tenant NEW CONSTRUCTION Commercial Bldg | 11697 Panama City Beach Pky
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