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Thompson Building 112 23rd St 3,407 SF of Office/Retail Space Available in Galveston, TX 77550
HIGHLIGHTS
- Heavy pedestrian traffic
- Occupancy ready and code compliant
- Recognized Historic Building
- Marriott hotel rooms overhead
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101 | 3,407 SF | Negotiable | $26.52 CAD/SF/YR $2.21 CAD/SF/MO $90,362 CAD/YR $7,530 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 101
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Open Floor Plan Layout
- Space is in Excellent Condition
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.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 3,407 SF | Gross Leasable Area | 20,400 SF |
| Property Type | Retail | Year Built/Renovated | 1878/2024 |
| Property Subtype | Freestanding |
| Total Space Available | 3,407 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 20,400 SF |
| Year Built/Renovated | 1878/2024 |
ABOUT THE PROPERTY
This Historic Strand retail option features high ceilings and a clean finish ready for immediate occupancy. It is located within walking distance from the cruise terminals and across from Saengerfest Park, a central public event space area for the The Strand during seasonal events and outdoor activities. The space can support up to four separate tenants on an open space plan, excellent for popup shop concepts or seasonal concepts. Second floor residential units are Marriott flag hotel room inventory tied to the Tremont House Historic Hotel. The location benefits from abundant public parking, significant domestic and foreign tourism consumer spending, and several nationally recognized rallies and events.
- Signalized Intersection
- Waterfront
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
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Thompson Building | 112 23rd St
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