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231 Cabot St 2,350 SF of Retail Space Available in Beverly, MA 01915
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,350 SF | Negotiable | $19.09 CAD/SF/YR $1.59 CAD/SF/MO $44,854 CAD/YR $3,738 CAD/MO | Triple Net (NNN) |
1st Floor
The space offers approximately 2,350 +/- square-feet with plenty a windows which provides excellent exposure to many commuters and area residents. A spacious glass vestibule opens up to 1,582 +/- square feet of open area to allows a new business to customize it's own buildout. Windows line both sides of the space that looks out onto Cabot Street and Church Street. The lower level is 768 +/- square feet and can be used for storage and access to the restroom. Utilities are separate and lease is on a triple net basis. $2,700 per month on a NNN basis.
- 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.
Select Tenants at 231 Cabot St, Beverly, MA 01915
- Tenant
- Description
- US Locations
- Reach
- The golden Hanger
- -
- 1
- -
| Tenant | Description | US Locations | Reach |
| The golden Hanger | - | 1 | - |
Property Facts
| Total Space Available | 2,350 SF | Gross Leasable Area | 6,278 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 2,350 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 6,278 SF |
| Year Built | 1900 |
About the Property
The Mega Group is pleased to make available for the first time in 25 years a retail storefront located in downtown Beverly on heavily traveled Cabot Street. 231 Cabot Street is a multi-tenant property with retail on the first floor and apartments above. It is located at the junction of Cabot Street and Church Street. In addition to its thriving historic downtown area, the many local eateries are supported by patrons of venues such as The Cabot and Larcom Theatre; other prominent destinations in the community include Endicott College, Landmark School, and Cummings Center.
Nearby Major Retailers
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231 Cabot St
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