Catylist ID:
#30837062
2nd Gen. Restaurant for Lease in Downtown OWA
Retail-Commercial
for Lease
| Catylist Listing ID: | 30837062 |
| Property Subtypes: | Restaurant |
| Contiguous Space: | 1,936 SF |
| Gross Building Area: | 90,000 SF |
| Gross Land Area: | 520 Acres |
| Lease Rate: |
$25 PSF (Annual) |
| Base Monthly Rent: | $4,033 |
| Lease Types: | NNN |
| In Opportunity Zone? | Yes |
| Building Name: | Downtown OWA |
| Last Updated: | 4/19/2024 |
Overview / Comments
|
Fantastic 2nd Generation restaurant space available for lease in Downtown OWA! This space is situated at the "unofficial" entrance to the Downtown OWA entertainment district, with direct access to the parking lot, and steps away from the entrance to Tropic Falls, OWA's impressive amusement park & indoor water park. The space, currently a sushi restaurant, features a well laid-out indoor seating area, patio seating, a deli-style ordering counter, ADA compliant restroom, large kitchen area with plenty of storage, and a manager's office. Tenant will be advertised as one of OWA's catering options to all event rentals at The Bohemian event space, where guests must use "on-campus" catering. Downtown OWA is anchored by OWA's 14-acre Tropic Falls amusement park with 23 attractions including an indoor water park, 14-acre centerpiece lake offering interactive fountain shows nightly, Island Amphitheater featuring year-round outdoor concerts, and Big Water Bay, a 30,000 SF tropical wave pool and surf simulator. Each space offers a distinct storefront, flexible and encouraged EXTRA branding opportunities, and excellent terms. |
Attachments & Media
Expand All Available Space
| Suite: 101 M | 1,936 SF | $25 PSF (Annual) NNN |
| Space Available: | 1,936 SF | |
| Lease Rate: |
$25 PSF (Annual) $4,033 (Monthly) |
|
| Lease Type: | NNN | |
| Space Description: | Space features an interior dining area with patio seating available, a single ADA compliant restroom, a manager's office, sizeable kitchen, and a deli-style ordering counter.
Note: This space does not contain a grease trap, and F, F, & E does not convey with lease. Current operator is retiring. |
|
| Date Available: | 3/1/2023 | |
| Space Type: | Relet | |
| Offices | 1 | |
| Operating Expenses | $6 PSF (Annual) | |
| CAM Expenses | $1.50 PSF (Annual) | |
Additional Details
| Nearest MSA: | Daphne-Fairhope-Foley |
| County: | Baldwin |
| Submarket Type: | Central Business District |
| Taxing Authority: | Baldwin County |
| Tax ID/APN: | 05-61-02-03-0-000-009.000 |
| Zoning: | PDD |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Located Between: | Foley Beach Express and Hwy 59 |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Foley Beach Express |
| Traffic/Vehicle Count: | 27,201 |
| Highway Access: | Direct Access to the Main Entrance is on the Foley Beach Express and an entrance to Hwy 59. |
| Airports: | Foley Municipal Airport |
| Site Description: | OWA is a 520 acre mixed use resort development which includes: ~ "The Park at OWA" 23+ signature amusement park rides, Wacky Waters Splash Pad, and Tropic Falls Water Park. ~ "Downtown OWA" - Admission free streetscape of dining, retail, and entertainment with tenants such as Starbucks, Groovy Goat, C'est Le Vin, Hershey's Ice Cream, Fairhope Soap Company, The Spice & Tea Exchange, The Arcade at OWA, Clash eSports & VR Experience, and More! ~ TownePlace Suites by Marriott Hotel ~ Foley Sports Tourism Complex consisting of a $40 million multiplex with 16 state-of-the-art outdoor fields that feature a championship field equipped with TV ready lighting, press box, and seating for up to 1,000. ~ 90,000 SF Indoor Events center * 190-lot Tropic Hideaway RV Resort featuring pickleball courts, pool, and clubhouse. * Big Water Bay - 30,000 SF Tropical Wave Pool and Surf Simulator with an outdoor entertainment stage! *Brand New Indoor Pickleball complex recently opened within Downtown OWA! |
| Area Description: | Coastal Alabama is the state's #1 tourist destination and #1 market for incoming business development. Its cities are comprised of Foley, Gulf Shores, and Orange Beach. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Excellent |
| Year Built: | 2017 |
| Construction/Siding: | Brick |
| Exterior Description: | Southern Streetscape styles |
| Parking Type: | Surface |
| Parking Description: | Free Parking |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Zoning Description: | PDD – PLANNED DEVELOPMENT DISTRICT The purpose of the Planned Development District is to achieve more flexibility and orderly commercial development in a unified grouping than would be possible through the strict application of the existing business and commercial zoning districts. This district is intended to encourage innovative development that is integrated with adjacent land uses through the zoning approval process. |
| Part of Planned Development?: | Yes |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | 99.6 AC IRR LOT 4-B AMENDED BC FOLEY PLAT3 RESUBDIVISION OF PORTIONS OF PLAT 2 & MAGNOLIA WALK SUBDIVISIONS SLIDE 2798-E &F, SLIDE 2567-F, SLIDE 2561-D, & SLIDE 2501-E IN THE CITY O F FOLEY SEC 3-T8S-R4E (MGT FORC DEED) |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,218 | 11,508 | 21,623 |
| Median Age: | 52.05 | 38.31 | 40.67 |
| Households: | 957 | 4,697 | 8,921 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions. |
