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West Boca Square 21637-21759 State Road 7
52,000 SF of Retail Space Available in Boca Raton, FL 33428
Highlights
- Located on Route 441 with high visibility and signage
- Across the street from Lowe's Home Improvement, Walgreens and West Boca Medical Center and Emergency Room
- Accessible via public transportation route
- Boca Woods Country Club and established residential community located behind retail plaza
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 21759 | 52,000 SF | 30’ | 5-25 Years | $28.09 CAD/SF/YR $2.34 CAD/SF/MO $302.40 CAD/m²/YR $25.20 CAD/m²/MO $121,739 CAD/MO $1,460,867 CAD/YR | Triple Net (NNN) |
1st Floor, Ste 21759
Lease Rate: 52,000 square feet: $20.00/SF NNN (2023 NNN = $5.00/SF), The base rental rate is $17.00-$22.00 per square foot per year based on use, box size, lease term, tenant credit, and other applicable factors. Property expenses, which include property taxes, common area maintenance and insurance, are estimated to be $5.00-$5.50 per square foot per year (the only real variable is insurance and that has been factored in for a renewal increase if that takes place. The current (2023) NNN costs are approximately: property taxes 2.50, Insurance 1.75 and CAM .95 PSF (NNN) Lease rate does not include utilities, building services, or built-out. Space was renovated by the prior tenant (all new in 2013); approx. 30 Ft. ceilings with 40 foot column spacing. This also includes a 3,100 sq. foot storage mezzanine that is not calculated in the square footage with one tenant taking the entire space. There is a loading dock and compactor in place from the prior tenancy. There is direct right in turn from State Rd. 441 and the top position in the accompanying monument sign. Total occupancy costs are approx. $23 PSF. ***The rental rate will vary, additionally, based on lease term, tenant credit, broker compensation, and other applicable factors.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- 1 Loading Dock
- Anchor Space
- Corner Space
- High Ceilings
- Finished Ceilings: 30’
- Corner retail offering with high ceilings.
- Retail synergy: anchored by Target & Hobby Lobby.
- Dedicated turn lane for easy entry.
- Pylon and prominent signage opportunity.
- Passed by 49,100 daily drivers.
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 21637-21759 State Road 7 , Boca Raton, FL 33428
| Property Type | Retail | Total Land Area | 32.00 AC |
| Property Subtype | Freestanding | Year Built | 1992 |
| Gross Leasable Area | 300,000 SF | Parking Ratio | 5.05/1,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 300,000 SF |
| Total Land Area | 32.00 AC |
| Year Built | 1992 |
| Parking Ratio | 5.05/1,000 SF |
About the Property
Property expenses, which include property taxes, common area maintenance and insurance, are estimated to be $5.00-$5.50 per square foot per year (the only real variable is insurance and that has been factored in for a renewal increase if that takes place. The current (2023) NNN costs are approximately: property taxes 2.50, Insurance 1.75 and CAM .95 PSF (NNN) Lease rate does not include utilities, building services, or built-out.
- Dedicated Turn Lane
- Pylon Sign
- Signage
Nearby Major Retailers
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Nancy Dhonau - Buckeye Real Estate Investments
Presented by
Buckeye Real Estate Investments
West Boca Square | 21637-21759 State Road 7
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