Second-Generation Restaurant
For Lease
$3,325/Mo
4550 E Highway 20 #UNIT D, Niceville, FL 32578
Unit D has a prior restaurant buildout and is located in a neighborhood retail center with nearby national retailers.
Space SizeContact for details
Property Size27,000 SF
Days on Market1115
Property Features for 4550 E Highway 20 #UNIT D
General Information
Standard status
Active
Size
27,000 SF
Zoning
Commercial
Additional Details
Space Use
Restaurant
Second-Generation Restaurant
Yes
Building Details
Building Size
27,000 SF
Year Built
1998
Listing Agency:
NBI Properties Inc
Listed By:
Dennis Fortenberry · License #627640
(850) 243-0007
Source:
Emeraldgulfrealty
Added: Oct 6, 2023
Changed: Oct 23
Last Checked: Oct 23 at 4:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NBI Properties Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit D is a second-generation restaurant space at Bluewater Bay Neighborhood Retail Center in Niceville. The space previously housed Lenny’s Sub Shop and later a boutique wine bar, which operated there beginning in 2016.
The center is at 4550 E Highway 20. Nearby outparcel businesses include CVS, Walgreens, Winn-Dixie, and Whataburger.
The center is at 4550 E Highway 20. Nearby outparcel businesses include CVS, Walgreens, Winn-Dixie, and Whataburger.
Key Highlights
- Second‑generation restaurant space in Unit D
- Previously occupied by Lenny’s Sub Shop and a boutique wine bar
- The wine bar operated in the space beginning in 2016
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.22 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
4k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
76
Shops & Services
4,353 visits/mo
0.2 miles
Demographics for 32578, FL
35,075
Population
14,578
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
23.2 sq mi
ZIP Area
1,512
Density / Sq Mi
$105,858
Median Household Income
$52,028
Median Earnings
$1,744
Median Rent
$414,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Unit D has a prior restaurant buildout and is located in a neighborhood retail center with nearby national retailers.
Where is this conventional restaurant located?
The property is located at 4550 E Highway 20 #UNIT D Niceville, FL.
What is the lease rate?
The lease rate is $3,325/Mo.
What are key features of this property?
This property features: Second‑generation restaurant space in Unit D; Previously occupied by Lenny’s Sub Shop and a boutique wine bar; The wine bar operated in the space beginning in 2016
