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4022 Shelby St 1,900 SF of Retail Space Available in Indianapolis, IN 46227
HIGHLIGHTS
- All FF&E stays with the Property
- Liquor License stays with the Property
- Onsite Parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,900 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Freestanding building for lease as restaurant space, situated across from The University of Indianapolis on the Southside of Indianapolis. The Property was recently renovated in 2018. All FF&E stays with the Property as well as the Liquor License. U Indy Enrollment • 5,600 students on the main campus in Indianapolis, including approximately 1,400 graduate students • 100+ undergraduate degree programs, 40+ master's degree programs, and five doctoral programs • 40+ U.S. states and 55+ countries represented among students on campus
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- All FF&E stays with the Property
- Onsite Parking
- Liquor License stays with the Property
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 | 1,900 SF | Gross Leasable Area | 1,900 SF |
| Property Type | Retail | Year Built/Renovated | 1960/2018 |
| Property Subtype | Freestanding |
| Total Space Available | 1,900 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 1,900 SF |
| Year Built/Renovated | 1960/2018 |
ABOUT THE PROPERTY
Freestanding building for lease as restaurant space, situated across from The University of Indianapolis on the Southside of Indianapolis. The Property was recently renovated in 2018. All FF&E stays with the Property as well as the Liquor License. U Indy Enrollment • 5,600 students on the main campus in Indianapolis, including approximately 1,400 graduate students • 100+ undergraduate degree programs, 40+ master's degree programs, and five doctoral programs • 40+ U.S. states and 55+ countries represented among students on campus
NEARBY MAJOR RETAILERS
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4022 Shelby St
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