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5401 Hwy 98 1,400 - 2,800 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 | 1,400-2,800 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $56,000 /YR $4,667 /MO | Triple Net (NNN) |
1st Floor
Space will be delivered as vanilla shell. From 1,400 to 2,800 square feet available.
- 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.
Property Facts
| Total Space Available | 2,800 SF | Gross Leasable Area | 4,780 SF |
| Min. Divisible | 1,400 SF | Year Built | 1968 |
| Property Type | Retail | Parking Ratio | 10/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 2,800 SF |
| Min. Divisible | 1,400 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,780 SF |
| Year Built | 1968 |
| Parking Ratio | 10/1,000 SF |
About the Property
A gateway opportunity at the intersection of two major corridors 5401 E Highway 98 sits at a signalized gateway intersection in the City of Parker, positioned at the convergence of two of the area's highest-traffic roads, Highway 98 and Tyndall Parkway, generating a combined 35,900+ vehicles daily. The property is a 4,223 square foot concrete block building on a generous 0.85-acre site, with approximately 75 surface parking spaces, multiple points of ingress and egress, and strong visibility from both corridors. With 1,400 SF currently occupied, 2,823 SF of second-generation restaurant and bar space remains available. Offered either as a single contiguous suite or divided into two spaces of approximately 1,400 SF each, providing flexibility for a range of tenant sizes and concepts. The surrounding trade area is anchored by a dense mix of national retailers, regional restaurants, and neighborhood service businesses, ensuring consistent consumer traffic throughout the day and evening. Residential communities border the site to the north and east, while Tyndall Air Force Base sits less than 4 miles to the south, providing a stable, year-round customer base that insulates the corridor from typical economic cycles.
Presented by
5401 Hwy 98
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