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Island Pond Road Shopping Center 122-128 Island Pond Rd 2,100 - 7,100 SF of Retail Space Available in Springfield, MA 01118
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 5,000 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $139,592 CAD/YR $11,633 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 3 | 2,100 SF | Negotiable | $27.92 CAD/SF/YR $2.33 CAD/SF/MO $58,629 CAD/YR $4,886 CAD/MO | Triple Net (NNN) |
112-128 Island Pond Rd - 1st Floor - Ste 1
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
112-128 Island Pond Rd - 1st Floor - Ste 3
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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 ISLAND POND ROAD SHOPPING CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Advance Auto Parts
- Automotive
- 4,661
- International
- Nathan Bill's Bar & Restaurant
- Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Advance Auto Parts | Automotive | 4,661 | International |
| Nathan Bill's Bar & Restaurant | Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 7,100 SF | Gross Leasable Area | 36,400 SF |
| Center Type | Strip Center | Total Land Area | 6.76 AC |
| Parking | 250 Spaces | Year Built | 1950 |
| Center Properties | 1 | Cross Streets | NWC Island Pond Rd. & Arden St. |
| Total Space Available | 7,100 SF |
| Center Type | Strip Center |
| Parking | 250 Spaces |
| Center Properties | 1 |
| Gross Leasable Area | 36,400 SF |
| Total Land Area | 6.76 AC |
| Year Built | 1950 |
| Cross Streets | NWC Island Pond Rd. & Arden St. |
ABOUT THE PROPERTY
Jennings Real Estate Services, Inc.- Two retail leasing opportunities remain at a highly visible retail plaza in the East Forest Park section of Springfield. Recently purchased by one of its current tenants, the plaza is set to undergo significant reinvestment and revitalization, transforming it into a vibrant neighborhood shopping destination. Current tenants include Bank of America, Advanced Auto Parts, and Nathan Bill’s Bar & Restaurant. A variety of suite sizes are available to accommodate a wide range of tenant requirements, with a potential pad site also under consideration. With over 10,000 vehicles passing by daily on Island Pond Road (2024 MassDOT), this plaza offers exceptional visibility and an exciting opportunity to establish or grow your business in a thriving community.
NEARBY MAJOR RETAILERS
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Island Pond Road Shopping Center | 122-128 Island Pond Rd
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