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Highway Franchise Restaurant 23 Crystal Run Xing 6,960 SF of Retail Space Available in Middletown, NY 10941
HIGHLIGHTS
- Highway Exposure
- Heavy Traffic: 70,7836 & 49,695
- Crossroads of NY-17 & I-84
- Walking Distance to 3 Hotels
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,960 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $242,890 CAD/YR $20,241 CAD/MO | Triple Net (NNN) |
1st Floor
Franchise ready restaurant location with visibility from the highway is ready for a new concept. Situated at the intersection of I-84 & NY-17, this 6,960 sf building is in the center of many demand generators. Three hotels surround the property allowing customers an easy walk, Garnet Health Medical Center (Hospital), The Crystal Run Galleria, the site borders the highway and the exit drops traffic directly onto Crystal Run Crossing which provides easy access on and off the site. Other businesses that draw traffic to the area are; Outback Steakhouse, Chilli's Grill, D'Lux Diner, A brand new Starbucks, Dunkin Donuts, not to mention being in the middle of Middletown's Medical corridor close to many professional office tenants.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- At Crossroads of NY-17 & I-84 Highways
- High Traffic Location: 70,736 & 49,695 AADT
- Walking Distance to (3) Hotels
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 | 6,960 SF | Gross Leasable Area | 6,960 SF |
| Property Type | Retail | Year Built | 2002 |
| Property Subtype | Restaurant | Parking Ratio | 21.7/1,000 SF |
| Total Space Available | 6,960 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,960 SF |
| Year Built | 2002 |
| Parking Ratio | 21.7/1,000 SF |
ABOUT THE PROPERTY
Franchise ready restaurant location with visibility from the highway is ready for a new concept. Situated at the intersection of I-84 & NY-17, this 6,960 sf building is in the center of many demand generators. Three hotels surround the property allowing customers an easy walk, Garnet Health Medical Center (Hospital), The Crystal Run Galleria, the site borders the highway and the exit drops traffic directly onto Crystal Run Crossing which provides easy access on and off the site. Other businesses that draw traffic to the area are; Outback Steakhouse, Chilli's Grill, D'Lux Diner, A brand new Starbucks, Dunkin Donuts, not to mention being in the middle of Middletown's Medical corridor close to many professional office tenants.
- Signage
NEARBY MAJOR RETAILERS
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Highway Franchise Restaurant | 23 Crystal Run Xing
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