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367-369 Springfield Ave 3,450 - 18,622 SF of Retail Space Available in Summit, NJ 07901
HIGHLIGHTS
- Approximately 3-miles from The Mall at Short Hill.
- Downtown Summit is easily accessible due to its close proximity to Route 24, Garden State Parkway and Interstates 78, 95 and 280.
- Strong daytime population with over 2,800,000 SF of office space within Summit alone.
- Building boasts approximately 55 feet of frontage along Springfield Avenue and 120 feet of frontage along Beechwood Road
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 5,415 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 3,500-6,307 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor | 3,450 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 3rd Floor | 3,450 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
Basement
Approximately 3-miles from The Mall at Short Hills.
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 18,622 SF of adjacent space
- Central Air and Heating
- Smoke Detector
1st Floor
Approximately 3-miles from The Mall at Short Hills.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 18,622 SF of adjacent space
- Central Air and Heating
- Smoke Detector
2nd Floor
Approximately 3-miles from The Mall at Short Hills.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 18,622 SF of adjacent space
- Central Air and Heating
- Smoke Detector
3rd Floor
Approximately 3-miles from The Mall at Short Hills.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 18,622 SF of adjacent space
- Central Air and Heating
- Smoke Detector
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 | 18,622 SF | Gross Leasable Area | 23,722 SF |
| Min. Divisible | 3,450 SF | Year Built | 1929 |
| Property Type | Retail |
| Total Space Available | 18,622 SF |
| Min. Divisible | 3,450 SF |
| Property Type | Retail |
| Gross Leasable Area | 23,722 SF |
| Year Built | 1929 |
ABOUT THE PROPERTY
Subject site is positioned at the “Main & Main” intersection within one of New Jersey’s most sought-after Downtown retail markets. Building is being transformed into a premier mixed-use asset featuring Class A office above best-in-class retail.
- Smoke Detector
NEARBY MAJOR RETAILERS
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367-369 Springfield Ave
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