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Babbitt Building 15 E Aspen Ave 3,072 SF of Retail Space Available in Flagstaff, AZ 86001
Highlights
- Location, Location, Location!
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,072 SF | 5 Years | $33.21 CAD/SF/YR $2.77 CAD/SF/MO $102,021 CAD/YR $8,502 CAD/MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Highly Desirable End Cap Space
- Central Heating System
- High Ceilings
- Display Window
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 Babbitt Building
- Tenant
- Description
- US Locations
- Reach
- Flagstaff General Store
- Retailer
- -
- -
- Late-for-the-Train
- Accommodation and Food Services
- -
- -
- Old Barrel Tea Company
- Retailer
- -
- -
- Salon Brio
- Services
- -
- -
- Shoes-n-Such
- Retailer
- -
- -
- Urban Pine Eatery
- Accommodation and Food Services
- -
- -
| Tenant | Description | US Locations | Reach |
| Flagstaff General Store | Retailer | - | - |
| Late-for-the-Train | Accommodation and Food Services | - | - |
| Old Barrel Tea Company | Retailer | - | - |
| Salon Brio | Services | - | - |
| Shoes-n-Such | Retailer | - | - |
| Urban Pine Eatery | Accommodation and Food Services | - | - |
Property Facts
| Total Space Available | 3,072 SF | Gross Leasable Area | 3,072 SF |
| Property Type | Retail | Year Built | 1911 |
| Total Space Available | 3,072 SF |
| Property Type | Retail |
| Gross Leasable Area | 3,072 SF |
| Year Built | 1911 |
About the Property
The Best Location in Downtown Flagstaff! The Babbitt Building (Circa 1907-1911), is Centered in Historic Downtown Flagstaff. Facing Heritage Square, Flagstaff’s Community Gathering Space, the Babbitt Building is Front and Center for Where the Action Is. Historic Downtown Offers a Bustling Mix of Retail, Boutiques, Restaurants, Services, Downtown Living, and Nightlife. Throughout the Year, the Flagstaff Downtown Business Alliance (FDBA) and the City of Flagstaff Host Popular Activities, Including: Movies on the Square; First Friday Art-Walk; Specialty-Themed Shopping Events; 4th of July Parade Downtown; Historical Tours; Holiday Parade of Lights; Christmas Tree Lighting; and, the Infamous New Year's Eve Pine Cone Drop. This Space Has Been Leased as a Candy Store for the Past 15 Years. Main Level is Approx. 1,563sf, Plus a Finished Basement. Spaces in the Babbitt Building Rarely Become Available, So This May be Your Once-in-a-Lifetime Opportunity! David Stephens, Owner/Manager, is a licensed real estate salesperson in the State of Arizona.
- Corner Lot
Nearby Major Retailers
Presented by
Babbitt Building | 15 E Aspen Ave
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