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Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 2 | 2,574 SF | 3 Years | $23.24 CAD/SF/YR $1.94 CAD/SF/MO $59,815 CAD/YR $4,985 CAD/MO | Triple Net (NNN) |
3 Lexington Ave - 1st Floor - Ste 2
Former Physical Therapy Space Now Available Features: • ±2,574 SF on the Ground Floor • Completely Renovate and Move-In Ready • Wide Open Floorplan w/ Nice Laminate Floors and Natural Light • 2 Exterior Facade Signs and Pylon Signage on Cranbury Rd • 1 Private Treatment Room and 1 Staff Office • 2 Separate Bathrooms • Utility Closet w/ Water Heater and Washer/ Dryer Connections • High Ceilings for a Open Concept • Asking $17 PSF NNN ($9.78 PSF) • Separate Metering for All Utilities Space is ideal for Physical Therapy, Spine and Wellness, Chiropractic, or any Retail User Needed an Open Layout. Available now. Please call Broker for more information or to schedule a showing.
- Lease rate does not include utilities, property expenses or building services
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 | 2,574 SF | Center Properties | 1 |
| Center Type | Strip Center | Gross Leasable Area | 22,150 SF |
| Parking | 125 Spaces | Total Land Area | 3.61 AC |
| Stores | 10 | Year Built | 1983 |
| Total Space Available | 2,574 SF |
| Center Type | Strip Center |
| Parking | 125 Spaces |
| Stores | 10 |
| Center Properties | 1 |
| Gross Leasable Area | 22,150 SF |
| Total Land Area | 3.61 AC |
| Year Built | 1983 |
About the Property
Lexington Downs Shopping Center is one of the premier neighborhood strip centers servicing the expansive medical, professional, and large residential communities of East Brunswick. Located at the center of a high median income area, the center provides an excellent opportunity for your business. Join the Following Tenants: Stefano's Italian Restaurant and Pizzeria, Lexington Pharmacy, Chloe Nail Salon, ATA Blackbelt Academy, Boomerang Bagels, Drama Salon, Daisy Dry Cleaners, School of Rock, and Just for Fun and Elite Fitness. Available Space is approx. 2,574SF. Formerly a Physical Therapy Office. Call for more info or to schedule a showing. Located on Cranbury Rd. in prestigious East Brunswick. Centrally located between the NJTP Exits 8A & 9. Minutes from Routes 18 & 1 and Ryders Lane.
Nearby Major Retailers
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Lexington Downs | 4 Lexington Ave
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