Sandestin Real Estate

11/30/18

SINCE 1973

109 Cannery Lane

Village of Baytowne Wharf

109 Cannery Lane - is located in the heart of Sandestin Golf & Beach Resort in the Village of Baytowne Wharf. Sandestin Resort is a major destination hosting over 2 million visitors for all seasons and all ages, and was named the #1 Resort on Florida’s Emerald Coast. Built in 2002, the Village of Baytowne spans 28 acres and boasts a 56,185 sf neighborhood center.

Live Music➢ Outdoor Events Plaza &

Baytowne Live Stage➢ Weekly Concert Series➢ Live Music Fridays➢ Tuba Christmas➢ Fourth of July Concert➢ Tribute Band Concerts

Seasonal Entertainment

➢ Fireworks Show➢ Hydroflight Show➢ Magic Show➢ Outdoor Movies ➢ Inflatable Lawn Games➢ Baytowne on Ice Skating Rink➢ College Game Day Party

Festivals& Events

➢ Sandestin Wine Festival➢ Beer Festival➢ Art Walk➢ Champagne & Lights➢ Bubbly Baytowne➢ St. Patty’s Day Events➢ Mardi Gras Dog Parade

You & Your Home400 Main Street, Mason, Ohio 45202

Facts & Features

109 Cannery Lane

IDEAL restaurant and bar with nighttime live entertainment venue positioned directly on Choctawhatchee Bay with fantastic views overlooking the Baytowne Marina. In addition to restaurant interior & exterior seating areas, the second floor has a large open area with bar and seating for special events. This is a high activity, high visibility street filled with fun, adventure and a wealth of people delivered to your door step. Building is contiguous to golf cart parking and public parking. Join us this year to be successful in 2019.

➢ Stand alone building

➢ 3 expansive bars with full liquor license capability

➢ Seating areas: first floor, second floor and deck

➢ Easy access to Baytowne Marina , Sandestin Tennis and Baytowne Conference Center

➢ 109 Cannery Lane ➢ Miramar Beach, FL 32550➢ Walton County➢ Built in 2006➢ Listing Class: Retail

➢ Total Building SqFt: 5,395➢ Total Deck SqFt: 1,225

Seating for private eventsand conference groups

Breathtaking Deck Views

Views of the Choctawhatchee Bay and the 113- slip full service Baytowne Marina

109 Cannery Lane

• Current lease period: May 2017- April 2020

• Base rent of $40,000 annually

• Percentage rent 8% above $500,000 gross sales

• April 2020 – to be negotiated

• Premises described below

Premises:a) Commercial Unit A-1 & 2, as depicted on Schedule B (“Unit A-1 & 2),

consisting of approximately 5,395 square feet in area once built, exclusive of the area of limited common elements appurtenant thereto. b) An open space approximately 1,225 square feet in area, as also depicted on Schedule B attached hereto the deck space.

Rent:$40,000 annually for the Initial and second Lease Year, and the fixed minimum rent shall increase by two and one half percent (2.5%) on the third lease Year. Current tenant will assign remaining balance of lease. Lease period 5/2017-4/2020.

Percentage Rent:For the period beginning on the Rent Commencement date and ending at the end of the first lease year, tenant shall pay percentage rent in the amount equal to the product obtained by multiplying the (a) total gross sales exceeding Five Hundred Thousand, ($500,000) by (b) eight percent (8%). Thereafter, the Tenant shall pay percentage rent each lease year occurring throughout the remainder of the Term in an equal amount obtained by multiplying the (a) total gross sales exceeding Five Hundred Thousand, ($500,000) by (b) eight percent (8%).

The Baytowne Wharf Neighborhood Association:BWNA collects a percent of every taxable sale made from the business of the lease, referred to as ''F.E.E.'' Festivals, Events and Entertainment fee, currently 2%. Leasee to verify all measurements, square footage and details. Ranges of gross income from a variety of venues is available upon request and with execution of a non-disclosure agreement. This lease contains provisions for base and percentage rent & CAM, which includes insurance, prop tax and defined maintenance.

109 Cannery Lane

Danya LubyLeasing Manager

Office # 850-267-8718

Cell # 407-766-9219

Fax # 850-267-8204

Email: CommercialLeasing@sandestin.com

Danya began her career in real estate in 2001 in the commercial real estate field in Orlando, Florida. Overseeing a portfolio of seven commercial properties with a combined budget of $17 million strengthened her skills in leasing, project management, and property management. In 2014, she joined the SRE team and became a Florida Realtor where she oversees both commercial and residential leasing.

Sandestin Real EstateSRE is the exclusive brokerage for Sandestin Golf and Beach Resort’s ownership and the only brokerage with offices inside the gates of Sandestin. Founded in 1973, SRE is a market-leading real estate company operating from the Destin Bridge to the Bay County line. SRE's dedicated real estate team consists of expert sales professionals and a strong support team to assist them in continuing to be the top producing professionals on the Emerald Coast, both inside the gates of Sandestin and beyond.

www.sandestinrealestate.com

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