5300 W Hwy 98 Bus, Panama City, FL 32401 (MLS# 778225)

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Property Description
The new owners have rebuilt Sun Harbor Marina on St. Andrew Bay. Located on the east end of the Hathway Bridge adjacent to the Port of Panama City. The two-story restaurant space is now available for lease. The framing is completed and the landlord is completing the build-out per the attached construction drawings. The rent is 9,800 per month based on a 'modified-gross' lease (landlord pays real estate taxes, building insurance, common area maintenance, and submerged land lease). In addition, the tenant will be percentage rent equal to 7.0% of annual gross sales in excess of $2,000,000. The tenant improvements are negotiable and the landlord will finish-to-suit. The space is designed to have the main dining room and kitchen on the second floor with additional seating on the wrap around outdoor decks. The first floor includes additional bars, seating, entertainment, bathrooms and storage areas. The second floor is accessed via two sets of stairs and an ADA lift. The most incredible views all year around and the best sunsets. Easy access and plenty of parking. A roof-mounted sign would be visible from the Hathaway Bridge and St. Andrew Bay. The lease includes two boat slips adjacent to the restaurant. Sun Harbor Marina is home to the Schooner Columbia and the boat slips are now leasing. The fuel docks are also open. This location will have tremendous visibility and a lot of traffic by boaters, too. Call for further details and to setup a tour.

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