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110 E A St 5,150 SF of Retail Space Available in Newton, NC 28658
HIGHLIGHTS
- Proximity to Highways for access to both Hickory and Lake Norman on a High Visibility Corner
- The property is positioned with frontage along well travelled E A Street and corner of N Brady Ave. It has convenient access to Bus HWY US 321
- Price Reduced $675K
- Renovated in 2023 with new HVAC, Electric, plumbing flooring and ceilings.
- Private Parking Lot
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,150 SF | 10 Years | $22.33 CAD/SF/YR $1.86 CAD/SF/MO $115,024 CAD/YR $9,585 CAD/MO | Triple Net (NNN) |
1st Floor
10 YR Term, with 3% Annual Escalations. Two 5 Year Renewal Options. No Tenant Allowance.
- Lease rate does not include utilities, property expenses or building services
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 | 5,150 SF | Gross Leasable Area | 5,150 SF |
| Property Type | Retail | Year Built | 1918 |
| Property Subtype | Freestanding | Parking Ratio | 3.3/1,000 SF |
| Total Space Available | 5,150 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 5,150 SF |
| Year Built | 1918 |
| Parking Ratio | 3.3/1,000 SF |
ABOUT THE PROPERTY
FOR LEASE OR SALE $675K Located in the heart of a bustling commercial district, this spacious and strategically positioned standalone Commercial property offers the perfect environment for your business to thrive. Benefiting from high foot traffic, this prime location sits in historic Downtown Newton prominently visible to pedestrians and potential customers. Surrounded by well-established, complementary businesses, the synergy between neighboring shops draws a diverse and loyal customer base, creating an ideal atmosphere to boost sales. With 17 dedicated parking spaces in one of the few available private parking lots downtown, customer accessibility is effortless, ensuring a hassle-free experience for those arriving by car. The property itself is meticulously maintained and move-in ready, featuring modern fixtures and new flooring throughout. The surrounding neighborhood offers a mix of residential and commercial properties, ensuring a steady flow of customers from various demographics. Additionally, local events and promotional opportunities within the community present an excellent chance to increase brand visibility and engage with potential customers. This property provides an outstanding opportunity to take your business to the next level in a thriving, high-traffic area.
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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110 E A St
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