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Paradise Isle Plaza 5610 Gulf of Mexico Dr 1,973 SF of Retail Space Available in Longboat Key, FL 34228
Highlights
- ±1,973 SF anchor restaurant/retail opportunity
- Potential exclusive outdoor patio + bar area
- Tenant improvement allowances negotiable
- Prime frontage on Gulf of Mexico Drive
- Open floor plan with two entry points
- Located in the heart of Longboat Key’s coastal corridor
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,973 SF | 3-5 Years | $34.52 CAD/SF/YR $2.88 CAD/SF/MO $68,101 CAD/YR $5,675 CAD/MO | Triple Net (NNN) |
1st Floor
Rare opportunity to establish a signature restaurant concept along highly desirable Gulf of Mexico Drive on Longboat Key. Ownership is specifically seeking a qualified food and beverage operator to bring a new dining experience to Paradise Isle Plaza, with the potential for an exclusive outdoor patio and bar area directly facing Gulf of Mexico Drive. This highly visible anchor retail space offers exceptional frontage along one of Longboat Key’s primary corridors and provides a unique opportunity to create an open-air coastal dining destination catering to both local residents and visitors. The existing layout features a mostly open floor plan with two separate entry points, allowing flexibility for a variety of restaurant concepts and service styles. Although the space has not previously operated as a restaurant, ownership is open to negotiating tenant improvement allowances for the right operator and concept. The property also includes gas service already connected, providing added value for restaurant buildout potential.
- Lease rate does not include utilities, property expenses or building services
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 Paradise Isle Plaza
- Tenant
- Description
- US Locations
- Reach
- Albritton Groves Limited
- Public Administration
- 1
- -
- Backyard Bike Shop
- Retailer
- 1
- -
- Solarzano's Pizza
- Restaurant
- 1
- Regional
| Tenant | Description | US Locations | Reach |
| Albritton Groves Limited | Public Administration | 1 | - |
| Backyard Bike Shop | Retailer | 1 | - |
| Solarzano's Pizza | Restaurant | 1 | Regional |
Property Facts
| Total Space Available | 1,973 SF | Gross Leasable Area | 10,000 SF |
| Property Type | Retail | Year Built | 1986 |
| Property Subtype | Restaurant | Parking Ratio | 3.6/1,000 SF |
| Total Space Available | 1,973 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,000 SF |
| Year Built | 1986 |
| Parking Ratio | 3.6/1,000 SF |
About the Property
American Property Group of Sarasota, Inc. presents Paradise Isle Plaza – 5610 Gulf of Mexico Dr, Longboat Key, FL Property Type: Restaurant / Retail Space for Lease Available Size: ±1,973 SF Rare opportunity to establish a signature restaurant concept along highly desirable Gulf of Mexico Drive on Longboat Key. Ownership is specifically seeking a qualified food and beverage operator to bring a new dining experience to Paradise Isle Plaza, with the potential for an exclusive outdoor patio and bar area directly facing Gulf of Mexico Drive. This highly visible anchor retail space offers exceptional frontage along one of Longboat Key’s primary corridors and provides a unique opportunity to create an open-air coastal dining destination catering to both local residents and visitors. The existing layout features a mostly open floor plan with two separate entry points, allowing flexibility for a variety of restaurant concepts and service styles. Although the space has not previously operated as a restaurant, ownership is open to negotiating tenant improvement allowances for the right operator and concept. The property also includes gas service already connected, providing added value for restaurant buildout potential. Paradise Isle Plaza is home to a strong mix of established businesses and benefits from consistent traffic, ample parking, and proximity to surrounding residential and beachfront communities.
- Restaurant
- Signage
- Tenant Controlled HVAC
- Waterfront
- Air Conditioning
Presented by
Paradise Isle Plaza | 5610 Gulf of Mexico Dr
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