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Common Ground 550 Somerset Ter NE 1,200 - 35,200 SF of Space Available in Atlanta, GA 30306



HIGHLIGHTS
- On the BeltLine
- 10,000 SF shell
- Office, Retail, Flex
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 10,000 SF | - | 5-10 Years | $80.00 /SF/YR $6.67 /SF/MO $800,000 /YR $66,667 /MO | Triple Net (NNN) | |
| 1st Floor | 5,000 SF | - | Negotiable | $80.00 /SF/YR $6.67 /SF/MO $400,000 /YR $33,333 /MO | Triple Net (NNN) | |
| 1st Floor | 19,000 SF | 30’ | 10 Years | $80.00 /SF/YR $6.67 /SF/MO $1,520,000 /YR $126,667 /MO | Triple Net (NNN) | |
| 1st Floor | 1,200 SF | - | 5 Years | $80.00 /SF/YR $6.67 /SF/MO $96,000 /YR $8,000 /MO | Triple Net (NNN) |
1st Floor
Raw shell warehouse space with high-ceilings and open floor-plate—ideal as a blank canvas for creative build-out. • Exposed structure and utility access allow for custom improvements: showroom, light industrial, studio, e-commerce operations. • Clear span layout supports efficient racking or production lines; minimal internal columns maximizes usable space. • Ample loading access and generous bay depth suited for logistics, fulfillment, or hybrid retail/distribution use. • Raw finishes enable fast occupancy and cost-effective tenant-improvements—leverage the savings to allocate budget where it counts. • Located in a creative/industrial corridor—benefits from urban amenities while providing industrial flexibility. • “Plug-and-play” infrastructure potential: base utilities in place; owner open to tailored MEP upgrades per tenant build-out. • Ideal for businesses seeking urban warehouse footprint with proximity to key transportation routes and the BeltLine corridor.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
1st Floor
Rare opportunity to lease a 3,000 SF, fully built-out restaurant space directly on the Atlanta BeltLine, formerly operated as Illuminarium’s high-volume snack bar and dining concept. The space features a fully functional commercial kitchen, efficient service line, dedicated dining area, and direct access to an outdoor patio with immediate BeltLine frontage—offering exceptional pedestrian traffic, visibility, and brand exposure. Originally designed to support large daily crowds, the layout is optimized for fast-casual, chef-driven concepts, wine bars, café concepts, experiential food operators, or BeltLine-oriented flagship locations. Infrastructure supports immediate activation with minimal downtime. Highlights • 5,000 SF turnkey restaurant space • Fully equipped commercial kitchen • Indoor dining + BeltLine-front patio • Direct BeltLine access and frontage • Former Illuminarium food & beverage operation • High pedestrian counts and destination traffic • Ideal for food, beverage, and experiential concepts This is a plug-and-play restaurant opportunity in one of Atlanta’s most trafficked and desirable pedestrian corridors. Available immediately. Inquiries welcome for qualified operators.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Central Air and Heating
- Freezer Space
- Smoke Detector
1st Floor
BeltLine Flagship Experiential Venue | ±19,000 SF Event + Support | Turnkey Infrastructure Rare opportunity to lease a large-format experiential and event venue directly on the Atlanta BeltLine. The offering combines two immersive environments into a single, contiguous event footprint, creating approximately 10,000 SF of high-ceiling, show-ready space suitable for ticketed experiences, branded activations, exhibitions, live events, private rentals, and experiential retail concepts. The layout supports flexible programming—operate as one grand hall or subdivide operationally as needed. The venue is anchored by a dedicated ticketing and retail lobby, designed for guest flow, queueing, merchandising, and admissions, with direct BeltLine visibility and frontage. A BeltLine-adjacent outdoor patio extends the experience outdoors, ideal for receptions, brand activations, or pre/post-event gathering. Supporting the venue is a collection of private offices and back-of-house space, suitable for production teams, operations, creative staff, or client services. Highlights • ±19,000 SF immersive / event space (marketed as one large volume) • Ticketing lobby with retail / merchandise capability • Direct BeltLine frontage and access • Outdoor patio integrated with pedestrian traffic • Offices and operational support areas included • Purpose-built for high-capacity, ticketed experiences and events • Ideal for experiential brands, entertainment operators, exhibitions, and flagship activations This is a rare BeltLine opportunity offering scale, infrastructure, and visibility that is nearly impossible to replicate. Available within 120 days. Tours and financials available for qualified operators.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Space is in Excellent Condition
- Anchor Space
- Central Air and Heating
- Wi-Fi Connectivity
- Corner Space
- High Ceilings
- Emergency Lighting
- Finished Ceilings: 30’
- DDA Compliant
- Smoke Detector
1st Floor
±1,200 SF retail space available at 550 Somerset, located within a high-profile mixed-use property directly adjacent to the Atlanta BeltLine. The space faces the on-site parking lot and benefits from strong daily traffic, easy access, and close proximity to BeltLine users without relying on direct trail frontage. The space is delivered in excellent condition shell, previously built out for retail use and ready for immediate occupancy with minimal work. Ideal for retail, showroom, service retail, or small food-adjacent concepts that value accessibility and convenience. Key highlights include: • Excellent condition shell, ready to go • Parking lot frontage with direct customer access • Adjacent to the Atlanta BeltLine • Part of a destination mixed-use property • High ceilings and flexible layout • Strong synergy with surrounding food, retail, and experiential uses Well-suited for operators seeking a turnkey retail presence in one of Atlanta’s most active submarkets.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
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.
SITE PLAN
SELECT TENANTS AT COMMON GROUND
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Illuminarium
- Retailer
- -
- -
- New Realm Brewing Company
- Restaurant
- 4
- Regional
- Two Urban Licks
- Retailer
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Illuminarium | Retailer | - | - |
| New Realm Brewing Company | Restaurant | 4 | Regional |
| Two Urban Licks | Retailer | - | - |
PROPERTY FACTS
| Total Space Available | 35,200 SF | Gross Leasable Area | 85,000 SF |
| Property Type | Retail | Year Built | 2018 |
| Total Space Available | 35,200 SF |
| Property Type | Retail |
| Gross Leasable Area | 85,000 SF |
| Year Built | 2018 |
ABOUT THE PROPERTY
Rare BeltLine-fronting warehouse / commercial / retail opportunity in the heart of Atlanta’s most dynamic creative corridor. 550 Somerset Terrace offers ±15,000 SF of open industrial shell space with soaring ceilings, exposed steel, and a fully flexible layout ready for transformation. Situated directly along the Eastside Trail, this property benefits from exceptional visibility, walkability, and proximity to some of the city’s top destinations — including Ponce City Market, Krog Street Market, Two Urban Licks, and New Realm Brewing. The clear-span structure and raw interiors provide a blank canvas for adaptive reuse — ideal for a brewery, showroom, production studio, experiential retail, or fitness concept. Zoned for mixed commercial use, the site combines industrial scale with urban energy, surrounded by constant BeltLine foot traffic and high-value redevelopment momentum. Highlights • Direct Atlanta BeltLine Eastside Trail frontage • ±10,000 SF open warehouse with clear-span construction • Exposed brick, steel, and concrete ideal for creative or retail build-out • Surrounded by top mixed-use developments and national brands • Flexible zoning supporting adaptive reuse and experiential concepts
NEARBY MAJOR RETAILERS
Presented by
Keen Apps
Common Ground | 550 Somerset Ter NE
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