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Freestanding Retail Building for Sublease 2964 W Martin Luther King Blvd 13,650 SF of Retail Space Available in Fayetteville, AR 72704
SUBLEASE HIGHLIGHTS
- Prime retail location with high visibility
- Directly across the street from Walmart Supercenter
- Close proximity to I-49
- Traffic count: W MLK Jr Blvd: 36,250 VPD, I-49: 72,400 VPD
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Freestanding Bldg | 13,650 SF | Sep 2033 | $16.59 CAD/SF/YR $1.38 CAD/SF/MO $226,454 CAD/YR $18,871 CAD/MO | Modified Gross |
1st Floor, Ste Freestanding Bldg
• Prime retail location with high visibility • Located on a hard corner with multiple ingress and egress access points • Close proximity to I-49 • Directly across the street from Walmart Supercenter • Drive-thru and ample parking • Zoned C-2 • 09/01/2033 Lease expiration date • All offers are subject to approval by Walgreens Real Estate Committee
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Prime retail location with high visibility
- Located on a hard corner
- Close proximity to I-49
- Across the street from Walmart Supercenter
- Drive-thru and ample parking
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 | 13,650 SF | Gross Leasable Area | 13,650 SF |
| Property Type | Retail | Year Built | 2008 |
| Property Subtype | Drug Store |
| Total Space Available | 13,650 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 13,650 SF |
| Year Built | 2008 |
ABOUT THE PROPERTY
• Prime retail location with high visibility • Located on a hard corner with multiple ingress and egress access points • Close proximity to I-49 • Directly across the street from Walmart Supercenter • Drive-thru and ample parking • Zoned C-2 • 09/01/2033 Lease expiration date • All offers are subject to approval by Walgreens Real Estate Committee
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
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Freestanding Retail Building for Sublease | 2964 W Martin Luther King Blvd
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