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SPACE AVAILABILITY (1)
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- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 200 | 2,976 SF | Negotiable | $22.33 CAD/SF/YR $1.86 CAD/SF/MO $66,468 CAD/YR $5,539 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 200
Retail space with excellent visibility on E. 70th Street. Over 2,500 square feet of open retail space with the balance of the space divided into small storage area, large stock room and one restroom. Front and rear storefronts. Convenient parking. Central location between two of Shreveport’s busiest and most populated intersections, the subject property sits 0.37 miles east of the E 70th Street and Youree Drive intersection - the most heavily populated retail and services corridor in both the Shreveport and Northwest Louisiana area. The E 70th Street/Fern Avenue intersection sits less than a half-mile to the west of the property. There are 143,500 people within a five-mile radius with an average household income of $49,800. 51,000 vehicles per day travel through Youree Drive @ E. 70th. Over 2,500 square feet of open retail space with the balance of the space divided into small storage area, large stock room and one restroom. Front and rear storefronts.
- Lease rate does not include utilities, property expenses or building services
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 | 2,976 SF | Gross Leasable Area | 8,316 SF |
| Property Type | Retail | Year Built | 2004 |
| Total Space Available | 2,976 SF |
| Property Type | Retail |
| Gross Leasable Area | 8,316 SF |
| Year Built | 2004 |
ABOUT THE PROPERTY
The subject is a retail space with excellent visibility on E. 70th Street. It contains over 2,500 square feet of open retail space with the balance of the space divided into a small storage area, large stock room and one restroom. The property features front and rear storefronts, as well as convenient parking.
NEARBY MAJOR RETAILERS
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1549 E 70th St
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