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Commons at Palm Bay St Johns Heritage & Emerson Drive
12,000 SF of Retail Space Available in Palm Bay, FL 32907
Highlights
- Located within an expansive Lennar Homes planned development area
- Planned road expansions to accommodate higher traffic expectations
- Lighted intersection
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 12,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
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 FOR St Johns Heritage & Emerson Drive , Palm Bay, FL 32907
| Property Type | Retail | Gross Leasable Area | 20,000 SF |
| Property Subtype | Freestanding | Construction Status | Proposed |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 20,000 SF |
| Construction Status | Proposed |
About the Property
Located in Brevard County’s largest city, Palm Bay, which is experiencing massive amounts of residential growth with over 14,000 new homes approved or under construction within 3-miles of this location. Nearby the major intersection of the St. Johns Heritage Parkway and Emerson Drive, which is the commercial component to Lennar’s 4,000 home community, Everlands, which surrounds these parcels. The traffic signal here is fully funded and approved and is scheduled to be installed later this year. Directly north is the Platt Ranch that has approvals for 4,672 homes, approximately 500,000 SF of commercial and multiple schools with a 1,700 student capacity. The 4-laning of St. Johns Heritage Pkwy from Hwy 192 to Malabar Rd is scheduled to begin also later this year and the 4-laning of Emerson Drive has already commenced to the east of this site and shall continue to St. Johns Pkwy. The St. Johns Heritage Pkwy was constructed for residents living in this area of southwest Brevard County to easily access the surrounding areas and is the primary route for local residents heading to work which is primarily to the north. The St. Johns Heritage Pkwy is to be extended south from Malabar Rd ultimately connecting back into Interstate 95. Just over two miles to the south there is a new Publix anchored shopping center going in at the northwest corner of St. Johns Heritage Pkwy & Malabar Rd. With minimal commercial opportunities on the St. Johns Heritage Pkwy makes this the premiere commercial opportunity There are approximately 2,500 students in this area with 1,700 additional planned.
- Air Conditioning
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Nikolaus Schroth -
Jeff Allman -
James McKinney -
NAI Southcoast Commercial
Presented by
Commons at Palm Bay | St Johns Heritage & Emerson Drive
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