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Cardinal Square 1501-1519 S State Road 37 1,500 - 5,520 SF of Retail Space Available in Elwood, IN 46036
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,920 SF | Negotiable | $19.54 CAD/SF/YR $1.63 CAD/SF/MO $37,522 CAD/YR $3,127 CAD/MO | Modified Gross | ||
| 1st Floor | 2,100 SF | Negotiable | $19.54 CAD/SF/YR $1.63 CAD/SF/MO $41,040 CAD/YR $3,420 CAD/MO | Modified Gross | ||
| 1st Floor | 1,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1515 S State Road 37 - 1st Floor
Cardinal Square Shopping Center offers prime retail space in a high-visibility, high-traffic location directly on State Road 37—Elwood’s major commercial corridor.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Signage available.
1515 S State Road 37 - 1st Floor
Cardinal Square is an ideal location for retailers looking to capitalize on a well positioned and highly frequented retail hub.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Inline space available in popular shopping center.
1515 S State Road 37 - 1st Floor
Excellent signage opportunities, ample parking, and strong co-tenancy.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Inline space available in popular shopping center.
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 CARDINAL SQUARE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- BP
- Gasoline Station
- 9,770
- International
- Check Into Cash
- Check Cash/Quick Loans
- 907
- National
- Dollar Tree
- Dollar/Variety/Thrift
- 10,426
- International
- Little Caesars
- Pizza
- 4,803
- International
- Needler's Fresh Market
- Supermarket
- 12
- Regional
- Rent-A-Center
- Rental Shop
- 3,245
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| BP | Gasoline Station | 9,770 | International |
| Check Into Cash | Check Cash/Quick Loans | 907 | National |
| Dollar Tree | Dollar/Variety/Thrift | 10,426 | International |
| Little Caesars | Pizza | 4,803 | International |
| Needler's Fresh Market | Supermarket | 12 | Regional |
| Rent-A-Center | Rental Shop | 3,245 | International |
PROPERTY FACTS
| Total Space Available | 5,520 SF | Frontage | 1,060’ on S State Road 37 |
| Center Type | Neighborhood Center | Gross Leasable Area | 176,956 SF |
| Parking | 1080 Spaces | Total Land Area | 31.14 AC |
| Stores | 4 | Year Built | 1975 |
| Center Properties | 5 |
| Total Space Available | 5,520 SF |
| Center Type | Neighborhood Center |
| Parking | 1080 Spaces |
| Stores | 4 |
| Center Properties | 5 |
| Frontage | 1,060’ on S State Road 37 |
| Gross Leasable Area | 176,956 SF |
| Total Land Area | 31.14 AC |
| Year Built | 1975 |
ABOUT THE PROPERTY
Cardinal Square Shopping Center offers prime retail space in a high-visibility, high-traffic location directly on State Road 37—Elwood’s major commercial corridor. Anchored by national and regional tenants including Dollar Tree, Needler’s Market, Taco Bell, Subway, Save-On Liquors, and BP, this established center draws steady foot traffic from both the surrounding residential neighborhoods and the large manufacturing facilities located directly across the street. With excellent signage opportunities, ample parking, and strong co-tenancy, Cardinal Square is an ideal location for retailers looking to capitalize on a well-positioned and highly frequented retail hub.
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Cardinal Square | 1501-1519 S State Road 37
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