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Lantern Lane Shopping Center 12522 Memorial Dr 3,061 SF of Office Space Available in Houston, TX 77024
Sublease Highlights
- Plug and play office
- Short term flexibility
- Immediate Occupancy
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,061 SF | Feb 2027 | $53.23 CAD/SF/YR $4.44 CAD/SF/MO $162,948 CAD/YR $13,579 CAD/MO | Full Service |
1st Floor
Rental Rate $10,000/month - Full Service (All-In) Includes base rent, NNN, furniture, and existing improvements. No additional pass-throughs. Rare opportunity to secure a fully furnished, plug and play office suite in a high-visibility Memorial Drive retail center. Ideal for tenants seeking a short-term solution with immediate occupancy, and no buildout requirements. The suite features reception, 5 private offices, 3 conference rooms, private bathrooms, kitchen, workroom, and work areas. Offered fully furnished, allowing seamless, immediate operations without upfront capital investment or construction delays. Ideal Use Legal/Financial/Insurance User Real Estate or Mortgage Groups Medical/Wellness/Aesthetic Users Project-Based or Interim Office Users Contact Broker for tours and additional information. Space Available Immediately.
- Sublease space available from current tenant
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Financial Services Office
- 5 Private Offices
- 3 Conference Rooms
- 3 Workstations
- Space is in Excellent Condition
- Plug & Play
- Central Air Conditioning
- Reception Area
- Print/Copy Room
- Private Restrooms
- Fully Furnished
- Plug & Play - No Buildout Required
- Immediate Occupancy Available
- Short-Term Flexibility through Feb 2027
- Private Offices, Conference Rooms & Reception
- High Visibility on Memorial Drive
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 Lantern Lane Shopping Center
- Tenant
- Description
- US Locations
- Reach
- CVS Pharmacy
- Drug Store
- 10,542
- National
- Fidelity Investor Center
- Investment Service
- 338
- International
- Sotheby's
- Real Estate
- 14
- International
- The Union Kitchen
- Restaurant
- 5
- Local
- Total Wine & More
- Liquor
- 362
- National
- Venetian Nail Salon
- Arts, Entertainment, and Recreation
- 1
- -
| Tenant | Description | US Locations | Reach |
| CVS Pharmacy | Drug Store | 10,542 | National |
| Fidelity Investor Center | Investment Service | 338 | International |
| Sotheby's | Real Estate | 14 | International |
| The Union Kitchen | Restaurant | 5 | Local |
| Total Wine & More | Liquor | 362 | National |
| Venetian Nail Salon | Arts, Entertainment, and Recreation | 1 | - |
Property Facts
| Total Space Available | 3,061 SF | Total Land Area | 6.10 AC |
| Property Type | Retail | Year Built | 1960 |
| Property Subtype | Storefront | Parking Ratio | 7.56/1,000 SF |
| Gross Leasable Area | 90,925 SF |
| Total Space Available | 3,061 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 90,925 SF |
| Total Land Area | 6.10 AC |
| Year Built | 1960 |
| Parking Ratio | 7.56/1,000 SF |
About the Property
High visibility on Memorial Drive.
- Signalized Intersection
Nearby Major Retailers
Presented by
Lantern Lane Shopping Center | 12522 Memorial Dr
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