Ground Lease

The site benefits from excellent visibility along a key corridor in an established, high-demand area. Given the strength of the location and surrounding uses, the property could potentially be rezoned back to retail, allowing for a broader range of uses and attracting retailers seeking strong exposure and brand presence.Rare ground lease opportunity at a highly visible, well-located infill site in the desirable Carmel Road submarket. The property was recently rezoned to O-1 (CD), permitting the development of up to ±20,000 square feet. This makes it well-suited for a build-to-suit office or professional user seeking long-term control of a flagship location without the upfront cost of land acquisition. Ownership is seeking a ground lease structure, ideal for a tenant looking to develop, occupy and lease back a custom facility from the Landlord. This structure provides flexibility for corporate users, medical or professional office groups seeking a strategic long-term presence. The site benefits from excellent visibility along a key corridor in an established, high-demand area. Given the strength of the location and surrounding uses, the property could potentially be rezoned back to retail, allowing for a broader range of uses and attracting retailers seeking strong exposure and brand presence. With limited available sites of this scale in the area, this offering presents a unique opportunity for tenants or developers to secure a high-profile location through a ground lease in a market with strong fundamentals.