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Stand Alone Building High Traffic Count 5401 Hwy 98 1,200 - 4,780 SF of Retail Space Available in Panama City, FL 32404
HIGHLIGHTS
- High Traffic Count
- Ample Parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200-4,780 SF | 3-10 Years | $27.65 CAD/SF/YR $2.30 CAD/SF/MO $132,167 CAD/YR $11,014 CAD/MO | Triple Net (NNN) |
1st Floor
Owner willing to work with qualified Restaurant Tenants on trap and hood, one not currently in place 5 Miles from Tyndall Air Force Base Asking $20 psf/ yr NNN Lease structure Multiple points of entry/ exit into and out of Property Approved Cannabis Dispensary Zoning 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
| Total Space Available | 4,780 SF | Gross Leasable Area | 4,780 SF |
| Min. Divisible | 1,200 SF | Year Built/Renovated | 1968/1984 |
| Property Type | Retail | Parking Ratio | 10/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 4,780 SF |
| Min. Divisible | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,780 SF |
| Year Built/Renovated | 1968/1984 |
| Parking Ratio | 10/1,000 SF |
ABOUT THE PROPERTY
The Property is ideal for a Tenant looking for a high visibility location with access from both Tyndall Parkway and Highway 98. Ample space for parking, 1,200-4,780 square feet available. Can be used for any retail, office, or light industrial purpose. No trap or hood currently in place. Possible usages could include coffee, pizza, restaurant, retail storefront, pizza, ice cream, office, light industrial, and convenience stores. Approved Cannabis Dispensary site, owner has all zoning letters.
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Stand Alone Building High Traffic Count | 5401 Hwy 98
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