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SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 202 | 3,529 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
2nd Floor, Ste 202
Situated above restaurant/retail tenants and ideal for professional service/office use, Unit 202 offers a ton of natural light from from large windows and easy access from the elevators and interior stairwell. The space can also be used for a fitness concept or salon. Access to the building is convenient to parking on Origins Main Street as well as a parking lot directly behind the building. Unit 202 may be demised. Space will be delivered as "warm gray shell," so additional build out will be necessary for which tenant improvement allowance will be provided. Tenants in Watersound Town Center will benefit from the residential community directly behind the town center, Watersound Origins, which is planned for 7,500+ homes and the Watersound Camp Creek community, not to mention the millions of visitors that come to South Walton annually.
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.
PROPERTY FACTS
| Total Space Available | 3,529 SF | Gross Leasable Area | 16,000 SF |
| Property Type | Retail | Year Built | 2023 |
| Total Space Available | 3,529 SF |
| Property Type | Retail |
| Gross Leasable Area | 16,000 SF |
| Year Built | 2023 |
NEARBY MAJOR RETAILERS
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Building 3 | 50 Origins Main Street
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