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3230-3232 E Martin Luther King Jr Blvd 2,017 SF of Retail Space Available in Austin, TX 78721
Highlights
- High profile East Austin location
- Large pylon sign available
- Traffic counts on MLK increasing as additional housing is built to the east of the property
- Excellent access from MLK and Tillery
- Close proximity to Mueller and downtown Austin
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,017 SF | 1-12 Years | $45.02 CAD/SF/YR $3.75 CAD/SF/MO $90,813 CAD/YR $7,568 CAD/MO | Triple Net (NNN) |
1st Floor
The 2,500 SF end cap facing Tillery is available with 30 days notice. The entire 5,130 SF building could be available for the right tenant.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Exterior shell construction completed
- Rainwater collection system installed
- Two grade-level roll-up doors for easy access
- Flexible layout can be divided for dual tenancy
- Approximately 25-foot ceiling height
- Available for lease at $1.55/sq ft including NNN
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 | 2,017 SF | Gross Leasable Area | 5,130 SF |
| Property Type | Retail | Year Built | 1972 |
| Property Subtype | Storefront | Parking Ratio | 8.19/1,000 SF |
| Total Space Available | 2,017 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,130 SF |
| Year Built | 1972 |
| Parking Ratio | 8.19/1,000 SF |
About the Property
Rare surface parked retail building in east Austin! The 2,500 SF endcap is available and could accommodate retail, restaurant, or medical users. The property is located just east of Airport Blvd. in one of the densest trade areas in the market. It is in close proximity to Mueller, the Hospital District, the U. of Texas, and the MLK TOD rail stop. The property could be leased as is or the owner is open to a larger scale renovation for the right tenant. There are over 40 parking spaces on site which is rare for a building of this size.
- Corner Lot
- Pylon Sign
Nearby Major Retailers
Presented by
3230-3232 E Martin Luther King Jr Blvd
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