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New Restaurant Development Site 1200 E Blue Heron Blvd 4,624 SF of Retail Space Available in West Palm Beach, FL 33404
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,624 SF | Negotiable | $77.29 CAD/SF/YR $6.44 CAD/SF/MO $357,396 CAD/YR $29,783 CAD/MO | Triple Net (NNN) |
1st Floor
Two ways to win. Reposition the existing building, drive-thru canopy and all, into a turnkey restaurant or lounge. Or use the full acre-plus site to scrape and build the concept from the ground up. The land gives you room most infill corners cannot. The landlord is motivated to land the right operator and is putting real money behind it. Significant free rent and tenant improvement dollars are available for a qualified restaurant group on a long-term lease. TI and free rent scale with the strength of the group, financially and conceptually. Bring a real concept and a real balance sheet and there is a deal to make. This is a location play backed by a wave of new development. The Blue Heron and Marina Village corridor is in the middle of a redevelopment push measured in the hundreds of millions, with thousands of new residences, new hotels, and new waterfront dining and retail moving through the pipeline. The rooftops are coming. The high-end restaurant seat count is not keeping up. First mover wins. The trade area is affluent and underserved. Within three miles, median household income runs about Ideal for a chef-driven flagship, private members-only club, cigar lounge, upscale Italian, high-end seafood, or any qualified food and beverage concept. Asking $55/SF NNN. Serious operators only. Contact Chas Prakas or Nick Prakas at Prakas & Co. for the offering package and a private tour.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Anchor Space
- Central Air Conditioning
- High Ceilings
- Drop Ceilings
- Emergency Lighting
- DDA Compliant
- Wheelchair Accessible
- Gateway corner to Singer Island
- Freestanding ±4,624 SF building
- ±1.07 acre hard corner site
- Reuse existing building or scrape and rebuild
- Existing drive-thru canopy and lanes
- Premier Location on Singer Island
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 New Restaurant Development Site
- Tenant
- Description
- US Locations
- Reach
- Palm Beach Yacht Sales LLC
- Retailer
- 1
- -
| Tenant | Description | US Locations | Reach |
| Palm Beach Yacht Sales LLC | Retailer | 1 | - |
Property Facts
| Total Space Available | 4,624 SF | Gross Leasable Area | 4,624 SF |
| Property Type | Retail | Year Built | 1979 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 6.49/1,000 SF |
| Total Space Available | 4,624 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 4,624 SF |
| Year Built | 1979 |
| Parking Ratio | 6.49/1,000 SF |
Features and Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
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New Restaurant Development Site | 1200 E Blue Heron Blvd
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