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46-52 S Palm Ave 1,582 SF of Retail Space Available in Sarasota, FL 34236
HIGHLIGHTS
- Newly renovated shell space on prestigious South Palm Avenue in the heart of the city.
- 1,582 sq. ft. of flexible space suitable for retail, or specialty concepts.
- Financials and personal/corporate lease guarantees required; tenant responsible for utilities and insurance.
- Sugar Palm Court offers shared outdoor tables and seating for tenants and patrons, creating a vibrant atmosphere.
- Three reserved spaces with convenient rear alley access for each unit.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 50 | 1,582 SF | Negotiable | $45.00 /SF/YR $3.75 /SF/MO $71,190 /YR $5,933 /MO | Triple Net (NNN) |
1st Floor, Ste 50
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- 3 dedicated parking spaces at rear alley.
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.
SELECT TENANTS AT 46-52 S PALM AVE, SARASOTA, FL 34236
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- 3Natives Acai & Juicery
- Drinks/Juices
- 15
- Local
- Muse MVMT
- Health Care and Social Assistance
- -
- -
- Waffle Monkey
- Retailer
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| 3Natives Acai & Juicery | Drinks/Juices | 15 | Local |
| Muse MVMT | Health Care and Social Assistance | - | - |
| Waffle Monkey | Retailer | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,582 SF | Gross Leasable Area | 1,582 SF |
| Property Type | Retail | Year Built/Renovated | 1959/2024 |
| Property Subtype | Freestanding |
| Total Space Available | 1,582 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 1,582 SF |
| Year Built/Renovated | 1959/2024 |
ABOUT THE PROPERTY
Newly renovated shell space available on prestigious S Palm Ave in the heart of downtown Sarasota. Space is 1,582 sqft. Sugar Palm Court features a new courtyard setting with outside tables and chairs provided for the shared usage of tenants and patrons. This premium location lends itself to a carefully curated tenant mix that will provide a distinctive "sense of place". 3 dedicated parking spaces at rear alley access for each unit. Tenant costs: Besides $45 base rent, tenant will be responsible for NNN prorated costs (including CAM) which will be based on actual costs and expected to be in in the $14.25 psf for 2025 annually (subject to change yearly). Utilities, tenant's insurance policy and base rent increase of 4% annually. Tenant to provide financials and guarantee lease personally and corporately 5 year minimum lease term. 10 year maximum.
- Courtyard
- Signage
- Tenant Controlled HVAC
NEARBY MAJOR RETAILERS
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46-52 S Palm Ave
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