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Siesta Key Mall 400 Southgate Mall
26,923 SF of Retail Space Available in Sarasota, FL 34239
Highlights
- Located at highly trafficked intersection of U.S. 41 and Siesta Dr., with high-profile signage opportunity on 41
- Anchor space in lifestyle center with specialty shops, restaurants, luxury movie theater, gym and specialty grocer
- Minutes from Sarasota Memorial Hospital and less than 5 miles from Siesta Key Beach, ranked No. 1 in the U.S. and No. 11 in world
- KEY RETAILERS: Aldi, Publix, Trader Joe's, Esporta Fitness, Connors Steak & Seafood, Fleming's Prime Steakhouse & Wine Bar, CMX CinéBistro
- DAILY TRAFFIC: 53,500
- POPULATION: 228,700 (within 7 miles)
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 26,923 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
- Fully Built-Out as Standard Retail Space
- Excellent visibility fronting U.S. 41
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 400 Southgate Mall , Sarasota, FL 34239
| Property Type | Retail | Total Land Area | 7.43 AC |
| Property Subtype | Retail | Year Built/Renovated | 1992/2010 |
| Gross Leasable Area | 92,852 SF | Parking Ratio | 3.78/1,000 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Leasable Area | 92,852 SF |
| Total Land Area | 7.43 AC |
| Year Built/Renovated | 1992/2010 |
| Parking Ratio | 3.78/1,000 SF |
About the Property
Siesta Key Mall enjoys an enviable location on the corner of U.S. 41 (Tamiami Trail) and Bee Ridge Road, within close proximity to many of Sarasota’s most prestigious beach communities. The 26.97-acre site is centrally located, just minutes from Downtown Sarasota, Siesta Key, Lido Beach and St. Armands Circle. Anchored by Macy’s and a seven-screen CMX CinéBistro, as well as Aldi, Esporta Fitness and Connors Steak & Seafood, the mall is embarking on a multi-stage makeover highlighted by the introduction of new shops and restaurants. The 26,923-square-foot space offers high-profile exterior access and direct interior mall access.
Nearby Major Retailers
Presented by
Siesta Key Mall | 400 Southgate Mall
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