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Orange Grove Shopping Center 11312 Highway 49 24,062 SF of Retail Space Available in Gulfport, MS 39503
SUBLEASE HIGHLIGHTS
- Located on US-49
- Across the street from Walmart
- Located in a retail corridor with national tenants
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 24,062 SF | Negotiable | $7.68 CAD/SF/YR $0.64 CAD/SF/MO $184,737 CAD/YR $15,395 CAD/MO | Triple Net (NNN) |
1st Floor
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
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.
SELECT TENANTS AT ORANGE GROVE SHOPPING CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Advance Auto Parts
- Automotive
- 4,661
- International
- Citi Trends
- Unisex Apparel
- 697
- National
- Dirt Cheap
- Discount Store
- 66
- National
- Keystone Auto Parts
- Retailer
- 1
- -
- One Dollar Jewelry
- Retailer
- 1
- -
- Take 5 Oil Change
- Auto Maintenance/Oil Change
- 1,296
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Advance Auto Parts | Automotive | 4,661 | International |
| Citi Trends | Unisex Apparel | 697 | National |
| Dirt Cheap | Discount Store | 66 | National |
| Keystone Auto Parts | Retailer | 1 | - |
| One Dollar Jewelry | Retailer | 1 | - |
| Take 5 Oil Change | Auto Maintenance/Oil Change | 1,296 | National |
PROPERTY FACTS
| Total Space Available | 24,062 SF | Total Land Area | 95.00 AC |
| Property Type | Retail | Year Built/Renovated | 1964/1995 |
| Property Subtype | Storefront | Parking Ratio | 3.29/1,000 SF |
| Gross Leasable Area | 110,438 SF |
| Total Space Available | 24,062 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 110,438 SF |
| Total Land Area | 95.00 AC |
| Year Built/Renovated | 1964/1995 |
| Parking Ratio | 3.29/1,000 SF |
ABOUT THE PROPERTY
This retail space is located along US Highway 49 (42,000 vpd), a six-lane, north/south artery and major highway along Mississippi’s Gulf Coast that serves as Gulfport’s main commercial artery. The retail center, Orange Grove Shopping Center, comprises 4.6 acres at a signalized intersection with Dedeaux Road and consists of various outparcels, including Take 5, Regions Bank, and an Exxon gas station. Directly across the street is the Walmart Neighborhood Market, while located in the immediate area are Hobby Lobby, BestBuy, and Sam’s Club. Just one mile along Highway 49 is the connection to I-10 and both CrossRoads Shopping Center (with retailers like Belk, Academy Sports + Outdoors, HomeGoods, TJ Max, Ross, Michael’s, ULTA, Office Depot, and Old Navy) and Gulfport Premium Outlets. The 24,062-sf sublease space is located adjacent to a former Winn-Dixie that has recently been converted into an ALDI and is delivered in raw condition. This area is densely residential and includes Harrison Central Elementary School.
- Corner Lot
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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Orange Grove Shopping Center | 11312 Highway 49
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