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Common Ground 550 Somerset Ter NE 10,000 SF of Flex Space Available in Atlanta, GA 30306
HIGHLIGHTS
- On the BeltLine
- 10,000 SF shell
- Office, Retail, Flex
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 10,000 SF | Negotiable | $42.00 /SF/YR $3.50 /SF/MO $420,000 /YR $35,000 /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
- Wide-Open Clear Span, Prime BeltLine Location
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 | 10,000 SF | Gross Leasable Area | 85,000 SF |
| Property Type | Retail | Year Built | 2018 |
| Total Space Available | 10,000 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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