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Prime Freestanding Retail Opportunity on Pana 11770 Panama City Beach Pky 4,074 SF of Retail Space Available in Panama City Beach, FL 32407
HIGHLIGHTS
- 4,100 +/- SF Freestanding Building
- Excellent Visibility & Attractive Retail Building
- Directly Across from Lowe's
- Panama City Beach Parkway Location
- Traffic Counts: 54,000 +/- VPD
- Full Access & Cross Easement Access with Ameris Bank
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,074 SF | 3-5 Years | $25.00 /SF/YR $2.08 /SF/MO $101,850 /YR $8,488 /MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Central Air Conditioning
- Private Restrooms
- 4,100 +/- SF Freestanding Building
- Panama City Beach Parkway Location
- Excellent Visibility & Attractive Retail Building
- Traffic Counts: 54,000 +/- VPD
- Directly Across from Lowe's
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 | 4,074 SF | Gross Leasable Area | 4,074 SF |
| Property Type | Retail | Year Built | 2009 |
| Property Subtype | Freestanding | Parking Ratio | 3.44/1,000 SF |
| Total Space Available | 4,074 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,074 SF |
| Year Built | 2009 |
| Parking Ratio | 3.44/1,000 SF |
ABOUT THE PROPERTY
11770 Panama City Beach Parkway is a highly visible, freestanding retail building a large, open showroom. It has an attractive stucco façade with large storefront windows. The property enjoys a prominent position and excellent visibility along Panama City Beach Parkway, Panama City Beach's premier commercial corridor. Additionally, it is easily accessible from the turn lane on Panama City Beach Parkway in front of the property or from Alf Coleman Road, providing full and convenient vehicle access. Daily traffic counts are approximately 54,000 +/- vehicles per day. 2024 Estimated Operating Expenses (OpEx) $8.44/SF.
- Dedicated Turn Lane
NEARBY MAJOR RETAILERS
CONTACTS
-
Kevin Wattenbarger -
Anna Branch -
Wattenbarger Commercial | Five Bridges Real Estate
Presented by
Prime Freestanding Retail Opportunity on Pana | 11770 Panama City Beach Pky
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