OCEAN RESIDENCE
Commercial Concession Terms Sheet
- CONFIDENTIAL -
Key Terms & Offerings
| Space | Consession Area. 700 m² / 7,500 SF,
Prime Location |
| Term | 5-Year Initial Term / 5 year option recurring |
| MAG / Base | $2550 m² 700 m² (adjusted: $1m Initial Term) |
| Hospitality Services | $100 Per Diem, Per Employee,
(6 Staterooms dbl occupancy) |
| Revenue Share | 0% |
| Lookback | 0% |
| Terms: | TI Allowance: Up to $3,000 m²
50/50 Matching Grant. Deposit held in escrow |
Duty Free Spa (Decks 13, 14)
Total Area: 700 m² / 7,500 SF ( +/- )
Retail Salon
Spa includes a seperate 42 m² VIC salon for private client engagement
Bonded Storage
Concession suites include a 15 m² secured Bonded Storage Locker
Strategic Highlights for Tenant Recruitment
- Duty Free Zone: No US or foreign tax
- Fixed 5 Year rate: $1,000,000
- Zero Revenue Share: Tenant retains 100% of top-line revenue.
- Matched Investment: 50/50 matching on TI (up to $3,000/m²) reduces upfront capex.
- Escrow Security: Prepaid funds are secured, ensuring performance-based delivery.
- Predictable Costs: No revenue sharing or lookback provisions allows for accurate financial forecasting.
- Populous: 50,000 - 65,000 Fortune 500 B2B clients annually (1,000+ weekly)
- Passenger Income: $100,000+
- Sea to Port Days: 65 /35
- Premium Destinations: Monaco Grand Prix / Boat Show, Cannes Festivals, Art Basil, Sidney New Year, +
* Broker Commission Note: The Tenant (Retailer) is solely responsible for any/ all broker fees, commissions, and associated transaction costs related to this agreement.