Sugar Court

Retail-Commercial for Lease
Catylist Listing ID: 30849545
Property Subtypes: Street Retail
Building Status: Under Construction
Contiguous Space: 1,505 - 1,582 SF
Total Available: 6,232 SF
Gross Building Area: 6,232 SF
Lease Rate: $45 PSF (Annual)
Base Monthly Rent: $5,643 - 5,932
Lease Types: NNN
Building Name: Sugar Palm Court
Last Updated: 9/15/2023

Overview / Comments

Prime opportunity to lease newly renovated retail space on prestigious Palm Ave in the heart of downtown Sarasota. Sugar Palm Court will benefit from a new courtyard setting which will be a unique addition to the retail mix on Palm Avenue. Outside seating will be provided for the benefit of new tenants. This location lends itself to a carefully curated tenant mix that will provide a distinctive "sense of place".

Tenant responsible for:
-NNN prorated costs (including CAM) expected to be in the $10 psf range annually.
-State of Florida sales tax
-Base rent increase 4% annually
-Tenant's insurance policy
-Security deposit plus first and last month's rent
-Tenant to sign lease Guaranty personally and corporately
-3-year minimum lease...longer is better.

Attachments & Media

Expand All 4 Spaces Available

Suite: 46 S Palm Ave 1,505 SF $45 PSF (Annual) NNN
Suite: 48 S Palm Ave 1,582 SF $45 PSF (Annual) NNN
Suite: 50 S. Palm Ave 1,582 SF $45 PSF (Annual) NNN
Suite: 52 S Palm Ave 1,563 SF $45 PSF (Annual) NNN

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Sarasota and Sarasota County
Tax ID/APN: 2027050034
Retail Clientele: General, Business
Property Located Between: Main Street and Ringling
Property Visibility: Excellent
Largest Nearby Street: Main Street
Airports: SRQ 20 minutes
Area Description: Heart of Downtown Sarasota
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1959
Year Renovated: 2023
Roof Type: Flat
Exterior Description: Renovation in process.
Parking Type: Surface
Parking Description: 3 designated spaces per retail unit located on rear alley accessible via Main Street
Sprinklers: None
Heat Type: Electricity
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Interior Description: Landlord will deliver a white box.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,847 75,784 154,700
Median Age: 50.18 45.31 48.28
Households: 5,486 33,886 71,377
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