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North Delray Commons 555 NE 5th Ave 1,000 - 2,800 SF of Retail Space Available in Delray Beach, FL 33483
HIGHLIGHTS
- 1 space remaining in Publix-anchored center
- Located just a few blocks north of Downtown Delray Beach with direct frontage on US 1 (N Federal Hwy)
- Surrounded by over 1,000 residential units within a three-mile radius
- KEY RETAILERS: Publix, Walgreens, CVS Pharmacy
- VEHICLES PER DAY: 45,500 (Federal Hwy & NE 4th St)
- POPULATION: 182,064 (within 5 miles)
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,000-2,800 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
455 NE 5th Ave - 1st Floor
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 | 2,800 SF | Center Properties | 3 |
| Min. Divisible | 1,000 SF | Gross Leasable Area | 47,918 SF |
| Center Type | Neighborhood Center | Total Land Area | 4.92 AC |
| Parking | 200 Spaces | Year Built | 2001 |
| Total Space Available | 2,800 SF |
| Min. Divisible | 1,000 SF |
| Center Type | Neighborhood Center |
| Parking | 200 Spaces |
| Center Properties | 3 |
| Gross Leasable Area | 47,918 SF |
| Total Land Area | 4.92 AC |
| Year Built | 2001 |
ABOUT THE PROPERTY
Anchored by Publix, North Delray Commons provides convenient grocery and retail shopping for over 182,000 customers within a five-mile radius. The property, located just a few blocks north of Downtown Delray Beach, is surrounded by 1,400 residential units and 950,000 square feet of office, retail and hospitality space. The growing area has increased in population by 15% over the last 10 years and is projected to keep rising.
NEARBY MAJOR RETAILERS
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North Delray Commons | 555 NE 5th Ave
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