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Palm Springs Square Miami Gardens Dr & NW 87th Ave 12,500 - 150,000 SF of 4-Star Retail Space Available in Miami Gardens, FL 33015
HIGHLIGHTS
- The development site at Miami Gardens Drive & NW 87th Avenue presents the under construction retail project of Palm Springs Square.
- Pre-leasing to retail tenants as the site will sit at the primary retail intersection servicing NW Miami Gardens/ Lakes.
- Ideally located with regional adjacent to Interstate 75 and the FL Turnpike Interchange.
- The site will have premier visibility as there are over 45,000 VPD on Miami Gardens Drive and over 37,000 on NW 87th Avenue.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 12,500-150,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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 | 150,000 SF | Gross Leasable Area | 230,000 SF |
| Min. Divisible | 12,500 SF | Year Built | 2027 |
| Property Type | Retail | Parking Ratio | 0.08/1,000 SF |
| Property Subtype | Freestanding | Construction Status | Under Construction |
| Total Space Available | 150,000 SF |
| Min. Divisible | 12,500 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 230,000 SF |
| Year Built | 2027 |
| Parking Ratio | 0.08/1,000 SF |
| Construction Status | Under Construction |
ABOUT THE PROPERTY
At the SW corner of Miami Gardens Dr and 87th Avenue is the proposed 150,000-square-foot retail development of Palm Springs Square. The retail site is planned to have tenants such as Publix, Burlington, Ross Dress for Less, Five Below, CVS Pharmacy, and more. Surrounding retailers for retail corridor co-tenancy include Sedano's, Walmart, Costco, Office Depot, ALDI, Lowe's, Winn Dixie, DD's Discounts, and many others. Inquire today to learn more about securing newly-built retail space with high-visibility and fantastic co-retailers in the center.
NEARBY MAJOR RETAILERS
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Palm Springs Square | Miami Gardens Dr & NW 87th Ave
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