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1737 S. State Road 57 1,500 - 7,200 SF of Retail Space Available in Washington, IN 47501
Highlights
- Newly Constructed
- High Visibility
- Near Walmart
- High Traffic Area
- Busy Retail Area
- Near Hwy 50 Bypass
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,500-7,200 SF | 5 Years | $24.62 CAD/SF/YR $2.05 CAD/SF/MO $177,254 CAD/YR $14,771 CAD/MO | Modified Gross |
1st Floor
Landlord responsible for exterior and roof. Tenant responsible for interior.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Professional Services Office
- Space is in Excellent Condition
- Central Air and Heating
- Corner Space
- New Construction
- Near Walmart
- High Visibility
- High Traffic Area
- Near Hwy 50 Bypass with access to I-69
- Busy Retail Area
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 | 7,200 SF | Gross Leasable Area | 7,200 SF |
| Min. Divisible | 1,500 SF | Year Built | 2023 |
| Property Type | Retail | Parking Ratio | 6.39/1,000 SF |
| Property Subtype | Restaurant |
| Total Space Available | 7,200 SF |
| Min. Divisible | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,200 SF |
| Year Built | 2023 |
| Parking Ratio | 6.39/1,000 SF |
About the Property
Attractive newly constructed retail strip mall located in a busy retail area of Washington, Indiana. 4,000 sq. ft. can be leased as one unit or can be divided. Near other strip malls, Walmart, gas stations, Hwy 50 Bypass and Hwy 57 South. Area businesses include WalMart, Papa Johns Pizza, Tokyo Japanese Steakhouse, World Finance Loan and Tax Service, AT&T, 812 Smoke Shop, Cost Cutters, Verizon, Shoe Sensation, Dollar Tree, Great Wall China Buffet, Springs Valley Bank & Trust, Cricket, GNC, Buger King, Casey's General Store, Jumpin Jax Family Center, Baymont Inn, Putter's Bay, Amazon Distribution Center, A & R Home Center, Chuckles Gas Station. Not far from I-69 exit. Lessor to pay no commission on new lease.
Presented by
Vic Hopkins Agency Real Estate
1737 S. State Road 57
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