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HIGHLIGHTS
- Unique Look
- Drive-Thru
- Great Signage
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,892 SF | 3-5 Years | $29.30 CAD/SF/YR $2.44 CAD/SF/MO $55,434 CAD/YR $4,620 CAD/MO | Triple Net (NNN) |
1st Floor
Situated within Gallery Place Retail Development, this site offers exceptional opportunity for businesses looking to thrive in a dynamic commercial environment. The location brings in steady foot traffic from visitors and nearby housing developments (Gallery Place - 247 apartments). The property is surrounded by a diverse mix of established tenants including Polly’s Country Market, Subway, Biggby Coffee, Edward Jones, Dollar General, H & R Block, Jumpstart Nutrition & Energy, and Northwest Dentistry.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air and Heating
- Kitchen
- Drive Thru
- Stand Alone
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 | 1,892 SF | Gross Leasable Area | 1,892 SF |
| Property Type | Retail | Year Built | 2002 |
| Property Subtype | Restaurant | Parking Ratio | 13.21/1,000 SF |
| Total Space Available | 1,892 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 1,892 SF |
| Year Built | 2002 |
| Parking Ratio | 13.21/1,000 SF |
ABOUT THE PROPERTY
Located on the high traffic corner of West Parnall Road (11,398 VPD) and Gallery Place Drive, this 1.08 acre lot features high visibility for prominent building and marquee signage opportunities, a large paved parking lot, and convenient access to US-127. This property contains a spacious drive-thru ready to accommodate a variety of restaurant ventures
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
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1200 W Parnall Rd
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