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The 500 Block of Collins Avenue 500-590 Collins Ave 5,500 SF of 4-Star Retail Space Available in Miami Beach, FL 33139
SUBLEASE HIGHLIGHTS
- Highly visible hard corner opportunity on South Beach one block west of Ocean Drive
- Ground level and structured parking on site
- Miami Beach hosts an average of 13 million visitors annually
- Equinox currently occupies 25,000 SF on the second level
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 5,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Ground
- Sublease space available from current tenant
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 500 BLOCK OF COLLINS AVENUE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- CSM Collins Equities
- Restaurant
- 1
- Local
- Curaleaf, Inc.
- Other Retail
- 147
- National
- Equinox
- Fitness
- 143
- International
- Impark Parking
- Other Services
- 39
- International
- MedMen
- Other Retail
- 19
- National
- Prana Crafted Food & Coffee
- Bakery
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| CSM Collins Equities | Restaurant | 1 | Local |
| Curaleaf, Inc. | Other Retail | 147 | National |
| Equinox | Fitness | 143 | International |
| Impark Parking | Other Services | 39 | International |
| MedMen | Other Retail | 19 | National |
| Prana Crafted Food & Coffee | Bakery | 1 | Local |
PROPERTY FACTS
| Total Space Available | 5,500 SF | Gross Leasable Area | 74,652 SF |
| Property Type | Retail | Year Built | 2004 |
| Property Subtype | Bank | Parking Ratio | 4.35/1,000 SF |
| Total Space Available | 5,500 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 74,652 SF |
| Year Built | 2004 |
| Parking Ratio | 4.35/1,000 SF |
FEATURES AND AMENITIES
- Restaurant
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
Presented by
The 500 Block of Collins Avenue | 500-590 Collins Ave
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