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Margate Plaza 248-290 N State Road 7
1,100 SF of Retail Space Available in Margate, FL 33063
Highlights
- Ready to occupy retail space available.
- Join co-tenants with locally established, longstanding customer bases
- Close to the Turnpike
- Service based location
- Located 1 mile south of 36 AC planned city center
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 282 | 1,100 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $22,000 /YR $1,833 /MO | Triple Net (NNN) |
248-290 N State Road 7 - 1st Floor - Ste 282
±1,100 SF of inline, dry retail space available. This space was formerly a thrift store, with existing retail racks on one side of the space to hang merchandise. Small storage area and restroom in the back.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Central Air Conditioning
- Private Restrooms
- Drop Ceilings
- Plug & Play
- After Hours HVAC Available
- Dry retail space ready for occupancy.
- Service based location
- Locally established, longstanding customer base
- Located 1 mile south of 36 AC planned city center
- Close to the Turnpike
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 248-290 N State Road 7 , Margate, FL 33063
| Center Type | Strip Center | Frontage | |
| Parking | 60 Spaces | Gross Leasable Area | 13,200 SF |
| Stores | 11 | Total Land Area | 1.00 AC |
| Center Properties | 1 | Year Built | 1972 |
| Center Type | Strip Center |
| Parking | 60 Spaces |
| Stores | 11 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 13,200 SF |
| Total Land Area | 1.00 AC |
| Year Built | 1972 |
About the Property
Margate Plaza is a 13,335 SF strip center with excellent visibility from N SR-7, seeing over 54,500 vehicles per day. Built in 1969, this property has had a strong regional presence providing the surrounding families with a local place to go for their needs. The plaza consists of all service related businesses, providing ongoing foot traffic and daytime sales. Margate Plaza is strategically located in an area that provides easy access to established markets such as Coral Springs, Pompano Beach, Coconut Creek, and Deerfield. This plaza sits slightly south of the signalized intersection of W Atlantic Blvd and N SR-7, and is only minutes from the Florida Turnpike. This part of N SR-7 is a highly traveled main road, surrounded by multiple residential communities and several shopping centers. The Margate CRA has assembled 36 acres of property north of W Atlantic Blvd for the development of the Margate City Center project. Current zoning allows for most retail uses, but also represents the city's plan for improvement in the near future. Transit Oriented Corridor, or TOC-C zoning, districts are specifically created to implement and encourage the redevelopment of lands designated as Transit Oriented Corridor on the future land use plan map of the City of Margate Comprehensive Plan.
- Air Conditioning
Nearby Major Retailers
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Margate Plaza | 248-290 N State Road 7
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