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The Ray Shops 241 NE 2nd Ave
350 - 5,325 SF of Retail Space Available in Delray Beach, FL 33444
Highlights
- $75.00/SF Negotiable + $25.00/SF (Operating Expenses)
- Great Visibility and Frontage on the Avenue
- Across the street from City Walk, a retail and residential complex
- Walking Distance to Dozens of Restaurants, Bars and Retailers
- Immediately adjacent to The Ray Hotel, a Hilton Curio branded hotel
Space Availability (7)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 600 SF | Negotiable | $75.00 /SF/YR $6.25 /SF/MO $45,000 /YR $3,750 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 267 | 1,200 SF | Negotiable | $75.00 /SF/YR $6.25 /SF/MO $90,000 /YR $7,500 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 269 | 1,000 SF | Negotiable | $75.00 /SF/YR $6.25 /SF/MO $75,000 /YR $6,250 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 271 | 350 SF | Negotiable | $75.00 /SF/YR $6.25 /SF/MO $26,250 /YR $2,188 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 273 | 500 SF | Negotiable | $75.00 /SF/YR $6.25 /SF/MO $37,500 /YR $3,125 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 275 | 475 SF | Negotiable | $75.00 /SF/YR $6.25 /SF/MO $35,625 /YR $2,969 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 279 | 1,200 SF | Negotiable | $75.00 /SF/YR $6.25 /SF/MO $90,000 /YR $7,500 /MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
1st Floor, Ste 267
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
1st Floor, Ste 269
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
1st Floor, Ste 271
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
1st Floor, Ste 273
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
1st Floor, Ste 275
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
1st Floor, Ste 279
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
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 FOR 241 NE 2nd Ave , Delray Beach, FL 33444
| Property Type | Retail | Total Land Area | 1.90 AC |
| Property Subtype | Storefront | Year Built | 1954 |
| Gross Leasable Area | 31,700 SF | Parking Ratio | 9.03/1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 31,700 SF |
| Total Land Area | 1.90 AC |
| Year Built | 1954 |
| Parking Ratio | 9.03/1,000 SF |
About the Property
The Ray Shops are located in Pineapple Grove, the vibrant restaurant and retail street immediately north of Atlantic Avenue. The Ray Shops are immediately adjacent to The Ray Hotel with ample parking and walking distance to Atlantic Avenue. Perfect for a small boutique, art gallery and many other retailers, this space offers a great opportunity to locate your retail business in the dynamic and bustling downtown Delray Beach market. Small retail spaces are extremely rare in the downtown Delray Beach market. Akira Back, Campi and The Rosewater Grill (all located at The Ray Hotel) are only steps to the south of this property. Additionally, the restaurants, Papas Tapas and Christina’s (closed recently), have been operating at this property for almost 20 years.
- Signage
Nearby Major Retailers
Presented by
The Ray Shops | 241 NE 2nd Ave
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