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219 Grand Ave 4,000 SF of Office/Retail Space Available in New Haven, CT 06513
HIGHLIGHTS
- Exceptional signalized “hard corner” location with high visibility and Annual Average Daily Traffic (AADT) counts of approximately 15,400 vehicles.
- Large parking lot
- Local proximity to a strong labor force, large customer market, and New Haven’s strong economy and diverse amenity base.
- Historically successful retail location with over 30 plus years of banking operations.
- Drive Thru in place
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 4,000 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $139,592 CAD/YR $11,633 CAD/MO | Triple Net (NNN) |
Ground
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Bank
- Mostly Open Floor Plan Layout
- 6 Private Offices
- Conference Rooms
- Space is in Excellent Condition
- Central Air and Heating
- Security System
- Corner Space
- High Ceilings
- Secure Storage
- Natural Light
- Basement
- Open-Plan
- Smoke Detector
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 | 4,000 SF | Gross Leasable Area | 12,292 SF |
| Property Type | Retail | Year Built | 1915 |
| Property Subtype | Bank | Parking Ratio | 2.85/1,000 SF |
| Total Space Available | 4,000 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 12,292 SF |
| Year Built | 1915 |
| Parking Ratio | 2.85/1,000 SF |
ABOUT THE PROPERTY
Exceptional opportunity to lease a 0.57 acre retail/ office property at a highly visible signalized “hard corner” location with Annual Average Daily Traffic (AADT) counts of approximately 15,400 vehicles. This property was recently vacated by a retail banking operation that was there since 2000. The sites versatile zoning coupled with a well-configured parcel allows for an array of business and redevelopment opportunities and land use possibilities and the added benefit of convenience of on-site parking for customers and employees. 215 Grand Avenue is conveniently located in a central location amongst the densely populated Fair Haven neighborhood. Also available For Sale.
- Banking
- Corner Lot
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
NEARBY MAJOR RETAILERS
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219 Grand Ave
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