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Lafayette Shoppes 3515 South St 1,865 SF of Retail Space Available in Lafayette, IN 47905
HIGHLIGHTS
- Approximately 120 parking spaces
- Moments from Interstate 65
- Great visibility off of Farabee Drive and South Street
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste B | 1,865 SF | Negotiable | $40.48 CAD/SF/YR $3.37 CAD/SF/MO $75,498 CAD/YR $6,292 CAD/MO | Triple Net (NNN) |
3515 South St - 1st Floor - Ste B
NNN estimate is $8.58/SF/yr. tenant will contract directly with electric, gas, and telecom providers. Water and sewer are included in the NNN fee. Suite B, which is currently available for lease, is comprised of approximately 1,865 square feet. It is nicely built out for a variety of retail or office uses. The space features a nice retail showroom area which can easily be opened to the rest of the space, a single restroom, service sink and private office. The property benefits from an excellent mix of nationally and regionally recognized tenants.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Move-in ready
- Flexible configuration
- Great visibility
- 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.
SELECT TENANTS AT LAFAYETTE SHOPPES
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Azzip Pizza
- Accommodation and Food Services
- 1
- -
- CoreLife Eatery
- Restaurant
- 56
- National
- QDOBA
- Accommodation and Food Services
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Azzip Pizza | Accommodation and Food Services | 1 | - |
| CoreLife Eatery | Restaurant | 56 | National |
| QDOBA | Accommodation and Food Services | - | - |
PROPERTY FACTS
| Total Space Available | 1,865 SF | Center Properties | 2 |
| Center Type | Strip Center | Gross Leasable Area | 14,443 SF |
| Parking | 121 Spaces | Total Land Area | 2.44 AC |
| Stores | 0 | Year Built | 2017 |
| Total Space Available | 1,865 SF |
| Center Type | Strip Center |
| Parking | 121 Spaces |
| Stores | 0 |
| Center Properties | 2 |
| Gross Leasable Area | 14,443 SF |
| Total Land Area | 2.44 AC |
| Year Built | 2017 |
ABOUT THE PROPERTY
Jim Pitoukkas of Shook Commercial Real Estate is proud to present space for lease in this beautiful multi-tenant neighborhood in Lafayette's premier retail corridor, South Street/State Road 26 East. The subject property offers tenants excellent visibility, a great signage opportunity, and ample parking in a convenient location at a signalized intersection. The property benefits from an excellent mix of nationally and regionally recognized tenants including Jimmy John's, ATI Physical Therapy, Qdoba Mexican Grill, Azzip Pizza, and CoreLife Eatery. The property is in a primary retail trade area for Lafayette, IN, and surrounding communities. It is just moments from Interstate 65, numerous successful housing developments, shopping, regional hospital campuses, and more. Great daytime population and excellent traffic counts make this retail suite one of the best retail opportunities in Tippecanoe County.
NEARBY MAJOR RETAILERS
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Lafayette Shoppes | 3515 South St
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