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Lafayette Place 111 Lafayette Rd 2,400 SF of Retail Space Available in Salisbury, MA 01952
Highlights
- High visibility location
- Extreme visibility given the hundreds of cars that pass by on a daily basis
- Just off interstate I-95
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,400 SF | 3-10 Years | $22.24 CAD/SF/YR $1.85 CAD/SF/MO $53,386 CAD/YR $4,449 CAD/MO | Modified Gross |
1st Floor
Available for immediate occupancy, this flexible retail opportunity offers up to 2,400 SF, with the option to subdivide to approximately 1,600 SF at $1,200/month ($16 PSF). The space was previously occupied by a grocery store, and select equipment may be included, providing a turnkey opportunity for qualifying users. Lease terms are negotiable. Position your business in a high-visibility location along a heavily trafficked corridor, benefiting from consistent daily exposure to a strong flow of passing vehicles. The center is anchored by established tenants, including popular local draw Nick’s Place, helping to drive steady customer traffic to the site. Take advantage of the flexibility to lease the full space or a smaller footprint at a competitive rate. For additional details or to schedule a tour, please contact the listing agent. Tenant responsible for base rent, utilities, proportionate real estate tax and some snowplow expense.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Central Air Conditioning
- Smoke Detector
- Space divisible-End cap unit
- Great location in retail strip
- Units connected some fixturing
- Some fixturing/refrigerated units for sale
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.
Select Tenants at Lafayette Place
- Tenant
- Description
- US Locations
- Reach
- Cogan Construction
- Construction
- 1
- -
- Flowers By Marianne
- Retailer
- 1
- -
- Malak Mikhael Inc
- Public Administration
- 1
- -
- Nick's Place
- Restaurant
- 1
- -
| Tenant | Description | US Locations | Reach |
| Cogan Construction | Construction | 1 | - |
| Flowers By Marianne | Retailer | 1 | - |
| Malak Mikhael Inc | Public Administration | 1 | - |
| Nick's Place | Restaurant | 1 | - |
Property Facts
| Total Space Available | 2,400 SF | Total Land Area | 3.00 AC |
| Property Type | Retail | Year Built | 1989 |
| Property Subtype | Storefront | Parking Ratio | 2.96/1,000 SF |
| Gross Leasable Area | 12,000 SF | Cross Streets | Kendell Ln |
| Total Space Available | 2,400 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 12,000 SF |
| Total Land Area | 3.00 AC |
| Year Built | 1989 |
| Parking Ratio | 2.96/1,000 SF |
| Cross Streets | Kendell Ln |
About the Property
Position your business for success at 111 Lafayette Rd & Kendell Ln in Salisbury, MA, offering up to 2,400 SF of flexible retail space with the option to subdivide to approximately 1,600 SF. Available for immediate occupancy, the space was previously operated as a grocery store, with select equipment potentially included for a seamless setup. Situated along a highly trafficked Route 1 corridor, the property benefits from exceptional visibility and strong daily vehicle counts, along with co-tenancy from established draws like Nick’s Place. The location is further enhanced by proximity to Salisbury Beach, local restaurants, retail services, and residential neighborhoods, providing a steady customer base and excellent accessibility for a variety of retail or service users.
- Signage
- Air Conditioning
Presented by
Lafayette Place | 111 Lafayette Rd
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