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Coral Bay Plaza 195 Malabar Rd 3,000 - 5,000 SF of Retail Space Available in Palm Bay, FL 32907
HIGHLIGHTS
- Direct frontage on the busy Malabar Rd SW and adjacent to Walgreens
- Convenient access right off of I-95 and down the road from major retail centers located there
- Directly across from Palm Bay West Shopping Center, anchored by Roses and Winn-Dixie
- Nearby apartment complexes such as Malabar Cove and Madalyn Landing drive customers
- Located by the signalized intersection of Malabar Rd and Minton
- Just minutes down the road from Eastern State Florida State College’s Palm Bay Campus
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,000-5,000 SF | 1-10 Years | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $174,490 CAD/YR $14,541 CAD/MO | Triple Net (NNN) |
195 Malabar Rd - 1st Floor
Large land development opportunity just behind the shopping center. Coral Bay Center is an ideal home for national tenants, both retail and restaurant, to capitalize on the rapidly expanding consumer market arising in Palm Bay, FL. The extraordinary opportunity the new and emergent City of Palm Bay presents to new commercial development makes the site choice for Coral Bay Center ideal. The center provides our tenants with opportunities to succeed in a high-traffic area with growing consumer demand. There is also a large land development opportunity just behind the shopping center.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
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.
SITE PLAN
SELECT TENANTS AT CORAL BAY PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Fired Up Pizza
- Retailer
- -
- -
- Hibachi Express
- Retailer
- -
- -
- Metro PCS
- Retailer
- -
- -
- Subway
- Retailer
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Fired Up Pizza | Retailer | - | - |
| Hibachi Express | Retailer | - | - |
| Metro PCS | Retailer | - | - |
| Subway | Retailer | - | - |
PROPERTY FACTS
| Total Space Available | 5,000 SF | Center Properties | 1 |
| Min. Divisible | 3,000 SF | Gross Leasable Area | 12,488 SF |
| Center Type | Strip Center | Total Land Area | 8.66 AC |
| Parking | 55 Spaces | Year Built | 2006 |
| Stores | 6 |
| Total Space Available | 5,000 SF |
| Min. Divisible | 3,000 SF |
| Center Type | Strip Center |
| Parking | 55 Spaces |
| Stores | 6 |
| Center Properties | 1 |
| Gross Leasable Area | 12,488 SF |
| Total Land Area | 8.66 AC |
| Year Built | 2006 |
ABOUT THE PROPERTY
Large land development opportunity just behind the shopping center. Coral Bay Center is an ideal home for national tenants, both retail and restaurant, to capitalize on the rapidly expanding consumer market arising in Palm Bay, FL. The extraordinary opportunity the new and emergent City of Palm Bay presents to new commercial development makes the site choice for Coral Bay Center ideal. The center provides our tenants with opportunities to succeed in a high-traffic area with growing consumer demand. There is also a large land development opportunity just behind the shopping center.
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
CONTACTS
-
Brian Smith -
Mark Edelsberg -
Roschman Enterprises | Florida Equities Commercial
Presented by
Coral Bay Plaza | 195 Malabar Rd
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