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1223 Government St 4,400 SF of Retail Space Available in Ocean Springs, MS 39564
Highlights
- Heavy Foot Traffic
- Signage for your business
- Open plan for your design
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,400 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Former restaurant but we will be demo'ing the interior of the property back to a vanilla box. The 4,400sf building can be leased completely or possibly demised into 2 spaces.
- 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 | 4,400 SF | Gross Leasable Area | 4,400 SF |
| Property Type | Retail | Year Built/Renovated | 1955/2006 |
| Property Subtype | Restaurant | Parking Ratio | 1.59/1,000 SF |
| Total Space Available | 4,400 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,400 SF |
| Year Built/Renovated | 1955/2006 |
| Parking Ratio | 1.59/1,000 SF |
About the Property
Rare opportunity to join the explosion of business in the heart of Downtown Ocean Springs!! This property was formally occupied by the well-known Phoenicia Gourmet restaurant which had been operating here for decades.? It will be delivered in shell condition to new tenants to finish out to their exact specs! The building could be divided into 2 units. Property has its own dedicated parking on 2 sides and surrounded by the tremendous growth of this area.? Here's your opportunity to be a part of that surge. Property can be purchased as well.
- Air Conditioning
Nearby Major Retailers
Contact the Leasing Agent
1223 Government St