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198 University Ave 840 - 1,680 SF of Retail Space Available in Lowell, MA 01854
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste Left | 840 SF | 8’ | 1-5 Years | $23.93 CAD/SF/YR $1.99 CAD/SF/MO $20,098 CAD/YR $1,675 CAD/MO | Plus All Utilities | |
| 1st Floor, Ste Right | 840 SF | - | 1-5 Years | $23.93 CAD/SF/YR $1.99 CAD/SF/MO $20,098 CAD/YR $1,675 CAD/MO | Plus Electric |
1st Floor, Ste Left
Great business opportunity. Featuring new ceilings, flooring, electrical, and heat. Great car & foot traffic count. It was formerly used as a barber shop. Both units feature a small office and a prominent display window at the front entrance. Numerous updates, too! Minutes from Highways, and seconds to the UMass campus, with public transportation available. Large new bathrooms with laminate flooring. Great potential opportunity for BOUTIQUE/ RETAIL/ BARBER/ SALON/ OFFICE, and MUCH MORE! Available immediately, upon a satisfactory application approved by the landlord. 1st Last, and 1 month security required. The tenant is responsible for confirming with City Hall for the approved uses of this space.
- Listed lease rate plus proportional share of utilities
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Private Restrooms
- Finished Ceilings: 8’
- Wheelchair Accessible
1st Floor, Ste Right
Great business opportunity. Featuring new ceilings, flooring, electrical, and heat. Great car & foot traffic count. It was formerly used as a barber shop. Both units feature a small office and a prominent display window at the front entrance. Numerous updates, too! Minutes from Highways, and seconds to the UMass campus, with public transportation available. Large new bathrooms with laminate flooring. Great potential opportunity for BOUTIQUE/ RETAIL/ BARBER/ SALON/ OFFICE, and MUCH MORE! Available immediately, upon a satisfactory application approved by the landlord. 1st Last, and 1 month security required. The tenant is responsible for confirming with City Hall for the approved uses of this space.
- Listed lease rate plus proportional share of electrical cost
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Private Restrooms
- Corner Space
- Wheelchair Accessible
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 198 UNIVERSITY AVE, LOWELL, MA 01854
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Rachel Tran
- -
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Rachel Tran | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,680 SF | Gross Leasable Area | 2,800 SF |
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Convenience Store |
| Total Space Available | 1,680 SF |
| Property Type | Retail |
| Property Subtype | Convenience Store |
| Gross Leasable Area | 2,800 SF |
| Year Built | 1920 |
NEARBY MAJOR RETAILERS
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198 University Ave
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