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Southlake Shopping Center 1340 Southlake Pky 31,062 SF of Retail Space Available in Morrow, GA 30260
Highlights
- 1340 Southlake Parkway offers a sizable retail showroom and a 3,000-square-foot warehouse with two loading docks.
- $1.7 billion of total consumer spending within a 5-mile radius of the property, 15.3% of which is spent on household needs.
- Situated directly off I-75/Route 401 and adjacent to Southlake Mall, which is home to various retail staples.
- Highly trafficked location where 116,000 vehicles pass along the nearby intersection of Skylar Drive and N Dove Court daily.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 31,062 SF | 1-10 Years | $19.70 CAD/SF/YR $1.64 CAD/SF/MO $611,859 CAD/YR $50,988 CAD/MO | Triple Net (NNN) |
1340 Southlake Pky - 1st Floor
Suite: Entire building available, includes showroom, warehouse, offices Features: Dock-high loading, break room, multiple restrooms Availability: Immediate
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- 2 Loading Docks
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 | 31,062 SF | Center Properties | 2 |
| Center Type | Neighborhood Center | Gross Leasable Area | 31,062 SF |
| Parking | 155 Spaces | Total Land Area | 12.40 AC |
| Stores | 1 | Year Built | 1988 |
| Total Space Available | 31,062 SF |
| Center Type | Neighborhood Center |
| Parking | 155 Spaces |
| Stores | 1 |
| Center Properties | 2 |
| Gross Leasable Area | 31,062 SF |
| Total Land Area | 12.40 AC |
| Year Built | 1988 |
About the Property
1340 Southlake Parkway presents a turnkey retail showroom in a highly trafficked location next to Southlake Mall and Harley Davidson. The 31,062-square-foot showroom has ceiling heights between 25 and 30 feet, drop ceilings of about 11 feet, and 3,000 square feet of warehouse space with two loading docks and polished cement flooring. 1340 Southlake Parkway is adjacent to Southlake Mall, home to a collection of well-known retail brands like Victoria’s Secret and department stores like Macy’s. The local area has 196,000 residents and is due to see an increase in the population of 6.3% over the next five years. Retailers can take part in $1.7 billion of total consumer spending within five miles of the property, 27.2% of which is spent on food and drink, 15.3% on household needs, 15% on entertainment, and 6.3% on apparel. Additionally, retailers will benefit from a highly trafficked location that sees over 116,000 vehicles pass along the nearby intersection of Skylar Drive and N Dove Court daily.
Nearby Major Retailers
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Southlake Shopping Center | 1340 Southlake Pky
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