Your email has been sent.
The Mall at University Town Center 140 University Town Center Dr 7,000 SF of 5-Star Retail Space Available in Sarasota, FL 34243
SUBLEASE HIGHLIGHTS
- 130,075 people in a five mile radius.
- Prime visibility from I-75 and mall entrance.
- Located in a retail district with 20M+ annual visitors.
- Average household income is $126,847.
- Adjacent to Dick’s House of Sport, opening soon.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 173 | 7,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste 173
New to market - For Sublease: 2nd generation restaurant available at UTC Mall – 7,000 SF + 2,677 SF Patio (former Kona Grill). Double entry door, Semi-covered patio, Full service bar, Liquor license, All FFE included Open concept suitable for a variety of restaurant use Adjacent to new upcoming Dick’s House of Sport
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air Conditioning
- 7,000 SF restaurant area + 2,677 SF patio area
- Double entry door adn semi-covered patio
- Full service bar & liquor license
- All FFE
- Open concept suitable for a variety of restaurant
- Adjacent to new upcoming Dick’s House of Sport
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 THE MALL AT UNIVERSITY TOWN CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Apple
- Consumer Electronics
- 589
- International
- Birch Lane
- Furniture/Mattress
- 4
- Local
- Crate & Barrel
- Home Accessories
- 175
- International
- H&M
- Unisex Apparel
- 642
- International
- Saks Fifth Avenue
- Dept Store
- 54
- International
- The Capital Grille
- Restaurant
- 76
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Apple | Consumer Electronics | 589 | International |
| Birch Lane | Furniture/Mattress | 4 | Local |
| Crate & Barrel | Home Accessories | 175 | International |
| H&M | Unisex Apparel | 642 | International |
| Saks Fifth Avenue | Dept Store | 54 | International |
| The Capital Grille | Restaurant | 76 | International |
PROPERTY FACTS
| Total Space Available | 7,000 SF | Total Land Area | 45.91 AC |
| Property Type | Retail | Year Built | 2014 |
| Property Subtype | Storefront | Parking Ratio | 7.91/1,000 SF |
| Gross Leasable Area | 525,397 SF |
| Total Space Available | 7,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 525,397 SF |
| Total Land Area | 45.91 AC |
| Year Built | 2014 |
| Parking Ratio | 7.91/1,000 SF |
ABOUT THE PROPERTY
The property is located at the UTC Mall, on the east side of the lifestyle shopping center, with direct visibility from I-75. Easy access via exit 213 diverging diamond interchange. The available space (former Kona Grill) offers prime visibility at the mall entrance, directly adjacent to the highly anticipated Dick’s House of Sport, coming soon. The mall at UTC itself (2014) is an enclosed two-level indoor mall featuring more than 100 stores (Lululemon, Sephora, Crate & Barrel) anchored by Saks Fifth Avenue, Macy’s and Dillards, and several high end restaurants (The Cheesecake Factory, Seasons 52, Capital Grille) as well as casual eateries. UTC Mall and district area all together comprehend more than 300 stores, with big box retailers, (Target, REI, PGA Tour Superstore, Ulta, Home Depot, Fresh Market, etc.) restaurants, hotels, offices, the Nathan Benderson Park rowing venue, up coming Mote Science Education Aquarium (Mote Sea), and plans for additional entertainment venues. Over 20 million shoppers visit the area each year.
- Bus Line
- Freeway Visibility
- Signage
- Enclosed Mall
NEARBY MAJOR RETAILERS
Presented by
The Mall at University Town Center | 140 University Town Center Dr
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.