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538 N Bumby Ave
3,052 SF of Retail Space Available in Orlando, FL 32803
Highlights
- Prominent two-story property in the heart of Orlando’s Milk District
- Large open layout
- Minutes from affluent Orlando neighborhoods
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,052 SF | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $7,121 /MO $85,456 /YR | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail 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 538 N Bumby Ave , Orlando, FL 32803
| Property Type | Retail | Year Built | 1961 |
| Property Subtype | Freestanding | Parking Ratio | 1.86/1,000 SF |
| Gross Leasable Area | 8,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 8,000 SF |
| Year Built | 1961 |
| Parking Ratio | 1.86/1,000 SF |
About the Property
Prominent property in the heart of Orlando’s Milk District, a top local neighborhood for experiential retail Features large pylon signage along busy Bumby Ave. (17,200 AADT), located 3 blocks south of E. Colonial Dr. (41,500 AADT) Adjacent to Colonial Plaza, a 500,000 SF power center featuring Sprouts, Hobby Lobby, Total Wine and other national retailers Minutes from affluent Orlando neighborhoods including Baldwin Park, Audubon Park, Mills 50, and Colonialtown Large open layout offers a blank canvas for a variety of creative and engaging uses MU-1/T Zoning allows for a variety of uses alongside co-tenant More Space Place
- Pylon Sign
Nearby Major Retailers
-
Dan Van Nada -
Ben Kuykendall -
First Capital Property Group, Inc.
Presented by
538 N Bumby Ave
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