West Port Commons - Proposed Shopping Plaza For Lease

Retail-Commercial for Lease
Catylist Listing ID: 30754206
Property Subtypes: Convenience Store, Restaurant, Street Retail, Other
Building Status: Proposed
Contiguous Space: 1,000 - 21,000 SF
Building Size (RSF): 21,000 SF
Gross Building Area: 35,000 SF
Gross Land Area: 5.44 Acres
Lease Rate: $26 - 28 PSF (Annual)
Base Monthly Rent: $45,500 - 49,000
Lease Types: NNN
Building Name: West Port Commons
Last Updated: 9/15/2021

Overview / Comments

This neighborhood shopping plaza is being developed at the new West Port subdivision. 35,000 +/- square feet of retail and restaurant locations available for lease. The property has direct frontage on El Jobean Road, just minutes from the central business district of Port Charlotte. This parcel is ideally situated in front of the 2,500 +/- new residential units which are now under construction. It is across the street from the new Harley Davidson Dealership, the Charlotte Sports Park (Tampa Bay Rays Stadium) and adjacent to the Charlotte County Fairgrounds. This location provides for a myriad of related business uses to serve the residents of the West Port community.

Pre-construction pricing is available to retailers and restaurants.

PRICING DETAILS:
Pad 1: $100,000/year ground lease.
Pad 2: $80,000/year ground lease.
7,800 sf strip: $22/sq ft plus CAM and taxes.
7,000 Sf free-standing building: $24/Sf plus CAM and taxes.
20,000 Anchor Space: $30/sf based on a $225/sq ft construction cost.

The Arredondo Pointe project which is just down the street is planning to make a big splash in the area, estimated to draw customers from as far as 30 miles from the surrounding area. It is a 153-acre retail and entertainment project featuring a 47-acre waterpark, hotels, restaurants and retail shops.

Expand All Available Space

Suite: 2155 21,000 SF $26 - 28 PSF (Annual) NNN
Space Available: 21,000 SF
Minimum Divisible: 1,000 SF
Lease Rate: $26 - 28 PSF (Annual)
$45,500 - 49,000 (Monthly)
Lease Type: NNN
Space Subcategory: Grocery-Anchored, Neighborhood Center
Date Available: 3/9/2022
Space Type: New

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 402112251001
Zoning: PD - PLANNED DEVELOPMENT
Retail Clientele: General, Family, Business, Tourist, Other
Property Located Between: West Port Subdivision and Charlotte County Fairgrounds.
Property Visibility: Excellent
Largest Nearby Street: El Jobean Road/SR 776
Tenancy: Multiple Tenants
Zoning Description: PD - Planned Development
Part of Planned Development?: Yes
Lot Frontage: 403'
Legal Description: WEST PORT TRACT K 5.44 AC M/L DEVELOPMENT AREA ***SEE HISTORICAL LEGAL DESCRIPTION FOR BOOK & PAGES*** (236752 SF) 4556/807 4653/1421

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,118 16,710 84,691
Median Age: 45.75 51.4 47.26
Households: 791 7,321 36,085

Contact

Photograph of Listing Agent

Howard Corr

CORR COMMERCIAL ADVISORS LLC
MFCRE Member
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