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The Market at University Town Center 5205-5275 University Pky
4,500 SF of Retail Space Available in University Park, FL 34201
Highlights
- Within UTC, Southwest Florida's largest retail hub spanning over 4 million square feet and generating over 1 billion in annual sales
- Right off I-75 on University Parkway, minutes from 30,000-home Lakewood Ranch, the second fastest-selling community in the nation
- Premier mixed-use destination featuring 850,000 sf of office space, 550 hotel rooms, 1,750 apartments, 250+ specialty shops and 80+ restaurants
- KEY RETAILERS: Target, Marshalls, HomeGoods, TJ Maxx, Home Depot, Dick's Sporting Goods, Best Buy, LA Fitness, Starbucks, Chick-fil-A, Shake Shack
- VEHICLES PER DAY: 61,500 (University Parkway)
- POPULATION: 647,000 (within 15 miles)
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
5231-5235 University Pky - 1st Floor
- Fully Built-Out as a Restaurant or Café 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 5205-5275 University Pky , University Park, FL 34201
| Center Type | Community Center | Gross Leasable Area | 231,894 SF |
| Parking | 50 Spaces | Total Land Area | 83.73 AC |
| Center Properties | 7 | Year Built | 2009 |
| Center Type | Community Center |
| Parking | 50 Spaces |
| Center Properties | 7 |
| Gross Leasable Area | 231,894 SF |
| Total Land Area | 83.73 AC |
| Year Built | 2009 |
About the Property
The Market is part of the University Town Center collection of properties that total over 4 million square feet and generate more than 1 billion in annual sales. Strategically located right off I-75 (Exit 213) along University Parkway, the collective sites form the area’s dominant shopping and dining destination and serve a 15-mile trade area population of over 655,000 residents. This premier mixed-use destination on the border of Sarasota and Manatee county features 850,000 SF of office space, 550 hotel rooms, 250+ specialty shops and 80+ restaurants. UTC has over 16 million visits per year and is directly adjacent to Lakewood Ranch, the second fastest-growing master planned community in the country, providing a large and affluent customer base. The Market is anchored by Kohls and The Fresh Market and features a mix of specialty stores and restaurants
Nearby Major Retailers
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The Market at University Town Center | 5205-5275 University Pky
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