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27 Waltham St 4,040 SF of Retail Space Available in Lexington, MA 02421
HIGHLIGHTS
- Fully built out bank space
- Currently zoned B-2 Business Zone
- Public parking lot in rear of premises.
- Banking is allowed use. Last bank space available in the town limits.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Suite A | 4,040 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste Suite A
Fully built out bank space in the heart of Lexington, CBD. Currently zoned B-2 Business Zone allowing for a wide range of uses, however, this space is by right for financial institution use as well.
- Fully Built-Out as a Bank
- Highly Desirable End Cap Space
- Central Air and Heating
- Private Restrooms
- Security System
- Drop Ceilings
- Banking is allowed use. Last bank space available
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 27 WALTHAM ST, LEXINGTON, MA 02421
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Morgan Stanley
- Finance Company
- 721
- International
- Peking Garden
- -
- 1
- -
- Webster Bank
- Bank
- 351
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Morgan Stanley | Finance Company | 721 | International |
| Peking Garden | - | 1 | - |
| Webster Bank | Bank | 351 | National |
PROPERTY FACTS
| Total Space Available | 4,040 SF | Gross Leasable Area | 9,120 SF |
| Property Type | Retail | Year Built | 1961 |
| Property Subtype | Restaurant |
| Total Space Available | 4,040 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 9,120 SF |
| Year Built | 1961 |
ABOUT THE PROPERTY
• Fully built out bank space in the heart of Lexington, CBD. Currently zoned B-2 Business Zone allowing for a wide range of uses, however, this space is by right for financial institution use as well. • Downtown Lexington is an affluent, high barrier to entry marketplace. Strong walkability, with shops, restaurants and services clustered in Lexington Center, plus proximity to public parking lot in rear of premises. • The combination of affluence, premium schools, strong local amenities draw customers to the downtown area. • Banking is allowed use. Last bank space available in the town limits.
NEARBY MAJOR RETAILERS
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27 Waltham St
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