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302 East Atlantic Retail & Office 302 E Atlantic Ave 3,164 - 6,377 sq ft of 4-Star Space Available in Delray Beach, FL 33483
SUBLEASE HIGHLIGHTS
- One of the Highest Profile Corners in Palm Beach County's Most Dynamic Submarket
- Robust Visibility & Traffic
SPACE AVAILABILITY (2)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| 1st Floor | 3,213 sq ft | Apr 2033 | £55.68 /sq ft pa £4.64 /sq ft pcm £178,893 pa £14,908 pcm | Triple Net | ||
| 2nd Floor, Ste 02A | 3,164 sq ft | Apr 2033 | £29.69 /sq ft pa £2.47 /sq ft pcm £93,954 pa £7,830 pcm | Triple Net |
1st Floor
• Flagship caliber retail space • 3,213FT corner unit at the lighted intersection of Atlantic and 3rd Avenue • Surrounded by trendy national retailers and some of Florida highest performing hotels, restaurants and nightlife. • Adjacent to Delray Beach Market – soon to feature Bounce Delray • Massive pedestrian traffic (over 45,000 per day) • Currently built out for retail banking – numerous repositioning uses permitted. (Second Floor Office also Available) • Asking Rate = $75/FT NNN (New Lower Rate - Best Deal on Atlantic Avenue)
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Fit-Out as Standard Retail Unit
- Space is in Excellent Condition
2nd Floor, Ste 02A
The Office Opportunity • Turnkey Office Space – 3,164 second flor unit, in the heart of Delray. • Dedicated parking available • Class A+ buildout with a mix of private office and collaborative space. • Natural lighting and impressive views of busy streetscape below. • Ideal for a wide variety of users: media, technology, private equity, law firms, etc.. • Potential to include furniture for credit worthy tenant. • Asking Rate = $40.00/FT = $25.00 CAM (NEW lower rate - Best Deal on Atlantic Ave)
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Fit-Out as Standard Office
- Space is in Excellent Condition
- Natural lighting and impressive views
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 (NNN) 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 agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rent 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 rent 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 | 6,377 sq ft | Net Internal Area (NIA) | 14,247 sq ft |
| Property Type | Retail | Year Built/Renovated | 1975/2021 |
| Property Subtype | Shopfront Retail / Office |
| Total Space Available | 6,377 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront Retail / Office |
| Net Internal Area (NIA) | 14,247 sq ft |
| Year Built/Renovated | 1975/2021 |
ABOUT THE PROPERTY
• Main & Main Corner on Delray’s Famed Atlantic Avenue • Turnkey Suites Available: 3213 SF of Retail and 3,164 Ft of Office • Building Signage Opportunity • Dedicated On Site Parking • Vibrant Pedestrian Traffic • New Construction – Award Winning Complete Renovation in 2022 • Palm Beach County’s Strongest Retail & Office Submarket
- Banking
- Corner Lot
- Air Conditioning
NEARBY MAJOR RETAILERS
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302 East Atlantic Retail & Office | 302 E Atlantic Ave
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