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Highland Plaza 238 Highland Ave 4,019 SF of Retail Space Available in Needham, MA 02494
HIGHLIGHTS
- Highly visible location along the desirable Highland Avenue/Needham Street retail corridor.
- Tremendous traffic count in front of the site at signal of 63,902.
- Excellent regional access via Exit 35 off Interstate 95 (183,119 vehicles per day).
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 5 | 4,019 SF | 1-5 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
238 Highland Ave - 1st Floor - Ste 5
Retail space available for lease.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Space In Need of Renovation
- Central Air and Heating
- Private Restrooms
- Drop Ceilings
- Secure Storage
- Emergency Lighting
- Energy Performance Rating - A
- DDA Compliant
- Smoke Detector
- Wheelchair Accessible
- Established business location.
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 HIGHLAND PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Needham Montessori Inc
- Educational Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Needham Montessori Inc | Educational Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 4,019 SF | Center Properties | 2 |
| Center Type | Strip Center | Gross Leasable Area | 21,609 SF |
| Parking | 84 Spaces | Total Land Area | 2.10 AC |
| Stores | 2 | Year Built | 1948 |
| Total Space Available | 4,019 SF |
| Center Type | Strip Center |
| Parking | 84 Spaces |
| Stores | 2 |
| Center Properties | 2 |
| Gross Leasable Area | 21,609 SF |
| Total Land Area | 2.10 AC |
| Year Built | 1948 |
FEATURES AND AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
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Highland Plaza | 238 Highland Ave
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