Government Contract | Florida
TRIPLE NET LEASE ARRANGEMENT FOR CITY OWNED BUILDING @ 200 NORTH BAY ST

Bid Information


Bid Alert No: 00000499582

Bid Title: TRIPLE NET LEASE ARRANGEMENT FOR CITY OWNED BUILDING @ 200 NORTH BAY ST

Agency Bid No. Title: 005-16

Received Date: 03/02/2016

Close Date: 03/24/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to:The City of Eustis is seeking proposals for a triple net lease arrangement for a 1,500 square foot building located at 200 North Bay Street in Eustis. The building is currently being used as a City employee fitness center and for general storage. The future land use designation for the property is Central Business District, which allows most commercial uses. The City desires a use that will generate positive activity in the area, which may include uses such as a restaurant or retail shop. While the lease will not include on-site parking, there is ample public parking available in the area. Highlights of Proposed Lease Terms o Triple Net Lease lessee is responsible for property taxes, insurance, and maintenance of the building o Lease term of approximately 5 to 10 years o Initial monthly lease amount of at least $1,100 per month with an annual escalator clause o Security deposit equal to one months lease payment due at lease signing o First months lease payment due at lease signing o Building to be accepted as is by lessee o Any and all alterations to the building must be approved in advance by the City o Targeted building improvements of $100,000 o Northerly vehicular access to the east of the building must remain available to the public

Bid Related Documents

Download Document

Product Codes: 90957, 97100, 95883

Agency Information


Issuing Agency: City of Eustis

State: Florida

Agency Type: State and Local

Contact: Tracy M. Jeanes 10 N. Grove Street, Eustis, Florida, 32727

Phone: 352-483-5475

Fax: 352-357-2971

Email: jeanest@ci.eustis.fl.us

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