PORTICO - Building B
Retail-Commercial
for Lease
| Catylist Listing ID: |
30327188 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail, Other
|
| Building Status: |
Proposed |
| Contiguous Space: |
1,566 - 5,368 SF |
| Total Available: |
10,684 SF |
| Gross Building Area: |
10,684 SF |
| Gross Land Area: |
3.50 Acres
|
| Lease Rate: |
$27 PSF (Annual)
|
| Base Monthly Rent: |
$3,523 - 12,078 |
| Lease Types: |
NNN |
| Ceiling: |
12 ft. |
| Building Name: |
PORTICO - Building B |
| Usable Size (USF): |
10,684 SF |
| Last Updated: |
7/16/2019 |
Overview / Comments
PORTICO is an exciting new mixed-use development to be prominently positioned on over 500’ of frontage along Fairhope Avenue - the gateway to downtown Fairhope, Alabama. Within walking distance of great restaurants, boutiques, parks and services, PORTICO will ultimately consist prime commercial space and luxury residential condominiums. The architectural design and features of PORTICO will set a new standard of quality for the growing market, appealing to discriminating business owners and residents alike.
Building A, a 12,000 sf commercial building, is under construction - with delivery anticipated in early 2019.
Building B is proposed as Phase II of the PORTICO development and will consist of approximately 10,684 square feet of commercial space available for lease on the 1st floor of the 3 level structure. The commercial spaces will have prime exposure along Fairhope Avenue, with street and surface parking available. Suitable uses include retail shops, fitness services, salons, quaint restaurant and bar concepts, etc. The upper 2 floors will consist of 10 residential condominiums; now taking reservations / Need Not Be Built
|
| Level/Floor: |
1 |
| Space Available: |
2,055 SF |
| Max Contiguous: |
5,368 SF |
| Lease Rate: |
$27 PSF (Annual)
$4,623 - 12,078 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Unit B-101 will be positioned on the west end of Building B, with windows facing Fairhope Avenue and Brown Street. Space is available for pre-lease. Availability date TBD. |
| Space Subcategory: |
Mixed Use, Fashion/Specialty |
| Date Available: |
12/31/2019 |
| Lease Term: |
60 Months |
| Space Type: |
New |
| CAM Expenses |
$4 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% increase per year |
| Level/Floor: |
1 |
| Space Available: |
1,566 SF |
| Max Contiguous: |
5,368 SF |
| Lease Rate: |
$27 PSF (Annual)
$3,523 - 12,078 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Unit B-102 will offer storefront exposure facing Fairhope Avenue, as well as a courtyard feature planning on the north side of the building. Space is available for pre-lease / date of availability TBD. |
| Space Subcategory: |
Mixed Use, Fashion/Specialty |
| Date Available: |
12/31/2019 |
| Lease Term: |
60 Months |
| Space Type: |
New |
| CAM Expenses |
$4 PSF (Annual) |
| Rent Escalators Description |
Base rent to increase 3% per year |
| Level/Floor: |
1 |
| Space Available: |
1,747 SF |
| Max Contiguous: |
5,368 SF |
| Lease Rate: |
$27 PSF (Annual)
$3,930 - 12,078 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Unit B-103 will be prominently located on in the center section of the building, with windows facing Fairhope Avenue, the western portion of the breezeway, and the north side of the building - facing a planned courtyard feature. Space is available for pre-lease. Availability date TBD. |
| Space Subcategory: |
Mixed Use, Fashion/Specialty |
| Date Available: |
12/31/2019 |
| Space Type: |
New |
| Rent Escalators Description |
Base rent to increase 3% per year |
| Level/Floor: |
1 |
| Space Available: |
1,695 SF |
| Max Contiguous: |
5,316 SF |
| Lease Rate: |
$27 PSF (Annual)
$3,813 - 11,961 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Unit B-104 will be oriented along the central breezeway, with storefront opportunities on 3 sides of the space.
Space is available for pre-lease. Date of availability TBD |
| Space Subcategory: |
Mixed Use, Fashion/Specialty |
| Date Available: |
12/31/2019 |
| Lease Term: |
60 Months |
| Space Type: |
New |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
Base rent to increase 3% per year |
| Level/Floor: |
1 |
| Space Available: |
1,566 SF |
| Max Contiguous: |
5,316 SF |
| Lease Rate: |
$27 PSF (Annual)
$3,523 - 11,961 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Unit B-105 offers storefront exposure facing both Fairhope Avenue and a courtyard feature planned on the north side of the building. Space is available for pre-lease. Availability date TBD. |
| Space Subcategory: |
Mixed Use, Fashion/Specialty |
| Date Available: |
12/31/2019 |
| Space Type: |
New |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
Base rent to increase 3% per year |
| Level/Floor: |
1 |
| Space Available: |
2,055 SF |
| Max Contiguous: |
5,316 SF |
| Lease Rate: |
$27 PSF (Annual)
$4,623 - 11,961 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Unit B-106 will be prominently positioned on east end of the building, with storefront opportunities on 2 sides of the space. Space is available for pre-lease. Availability date TBD> |
| Space Subcategory: |
Mixed Use, Fashion/Specialty |
| Date Available: |
12/31/2019 |
| Lease Term: |
60 Months |
| Space Type: |
New |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
Base rent to increase 3% per year |
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Taxing Authority: |
Baldwin County, AL / Fairhope |
| Tax ID/APN: |
05-46-03-37-0-007-076.517 |
| Zoning: |
MIXED-USE |
| Retail Clientele: |
General, Business, Tourist |
| Property Located Between: |
Fairhope Post Office |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Fairhope Avenue |
| Highway Access: |
PORTICO is located approximately 7/10 mile from U.S. Highway 98 |
| Airports: |
Fairhope Municipal Airport is located 5 miles from the site |
| Site Description: |
3.5 acres, fronting Fairhope Ave |
| Area Description: |
Fairhope, AL is a trendy coastal town, positioned on the eastern shore of Mobile Bay. The bustling downtown area is home to numerous restaurants, boutiques, parks, schools, and services - all supported by both tourists and permanent residents. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Typical SF / Floor: |
10,684 SF |
| Year Built: |
2019 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Exterior Description: |
3 story building, incorporating painted brick exterior and prominent finishes enhancing store front facades for commercial tenants. |
| Parking Type: |
Surface |
| Parking Description: |
Parking will be located along Fairhope Avenue, as well as surface lots within the development. Parking to be shared with residential condos. |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Interior Description: |
Commercial spaces to be delivered in a shell condition. |
| Zoning Description: |
Mixed-use |
| Part of Planned Development?: |
Yes |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,127 |
13,274 |
31,182 |
| Median Age: |
51.27 |
46.47 |
43.16 |
| Households: |
2,039 |
5,981 |
12,679 |
|
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The information presented herein is provided as is, without warranty of any kind.
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