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Palomar Corridor 1,000 SF Salon/Studio Space 1028-1030 Wellington Way 1,000 SF of Retail Space Available in Lexington, KY 40513
HIGHLIGHTS
- ~1,000 SF of salon/studio space
- 5 private rooms
- Rare offering in 40513
- $26/SF/YR Gross
- Salon infrastructure in place
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Salon/Studio Space | 1,000 SF | Negotiable | $36.29 CAD/SF/YR $3.02 CAD/SF/MO $36,294 CAD/YR $3,024 CAD/MO | Modified Gross |
1st Floor, Ste Salon/Studio Space
- Listed rate may not include certain utilities, building services and property expenses
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
| Total Space Available | 1,000 SF | Gross Leasable Area | 46,567 SF |
| Property Type | Retail | Year Built | 2006 |
| Property Subtype | Health Club | Parking Ratio | 2.29/1,000 SF |
| Total Space Available | 1,000 SF |
| Property Type | Retail |
| Property Subtype | Health Club |
| Gross Leasable Area | 46,567 SF |
| Year Built | 2006 |
| Parking Ratio | 2.29/1,000 SF |
ABOUT THE PROPERTY
SVN Stone Commercial Real Estate is pleased to present an ~1,000 SF salon/studio space located at 1028 Wellington Way. The space is located inside of the Genesis Health Club, but has its own exterior entrance and potential for exterior signage. The space has a welcoming reception area, 5 private rooms, and a storage closet. The asking rate is $26/SF/YR and will be structured as a gross lease. There is plenty of parking available onsite. The property is located on Wellington Way, next to the highly popular Palomar Centre and near the intersection of Man O War and Harrodsburg Road. The 40513 zip code is one of Lexington's most desirable areas to live, work, and play. This well located salon/studio space is primed and ready for its next user! Please reach out to Harrison Lane at 859.537.1051 or Harrison.Lane@SVN.com for more information.
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
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Palomar Corridor 1,000 SF Salon/Studio Space | 1028-1030 Wellington Way
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