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UNIVERSITY SQUARE SHOPPING CENTER 500 Sagamore Pky W 5,000 SF of Retail Space Available in West Lafayette, IN 47906
Highlights
- Rare retail opportunity in West Lafayette
- Ample parking
- Strong tenant mix with national retail co-tenants
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 4N | 5,000 SF | Negotiable | $30.61 CAD/SF/YR $2.55 CAD/SF/MO $153,042 CAD/YR $12,753 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 4N
5,000 square feet DIVISIBLE. Full retail build out. The NNN estimate is $6.85/sf
- Lease rate does not include utilities, property expenses or building services
- Rare retail opportunity in West Lafayette
- Strong tenant mix with national retail co-tenants
- Ample parking
- Fully built-out suite
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 UNIVERSITY SQUARE SHOPPING CENTER
- Tenant
- Description
- US Locations
- Reach
- Fifth Third Bank
- Bank
- 1,951
- International
- Fleet Feet Sports
- Shoe Repair
- 511
- National
- Massage Envy
- Massage
- 1,394
- National
- Star Nails
- Salon/Barber/Spa
- 1
- -
- Talbots
- Ladies' Apparel
- 658
- International
- Team Rehabilitation In09, Llc
- Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| Fifth Third Bank | Bank | 1,951 | International |
| Fleet Feet Sports | Shoe Repair | 511 | National |
| Massage Envy | Massage | 1,394 | National |
| Star Nails | Salon/Barber/Spa | 1 | - |
| Talbots | Ladies' Apparel | 658 | International |
| Team Rehabilitation In09, Llc | Services | 1 | - |
Property Facts
| Total Space Available | 5,000 SF | Gross Leasable Area | 15,000 SF |
| Property Type | Retail | Year Built | 1990 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 10/1,000 SF |
| Total Space Available | 5,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 15,000 SF |
| Year Built | 1990 |
| Parking Ratio | 10/1,000 SF |
About the Property
The subject property is a well-located beautiful neighborhood shopping center in the heart of West Lafayette’s main retail trade area. The property offers over 900 feet of frontage on Sagamore Parkway West where traffic counts exceed 30,000 vehicles per day, ample surface parking, and easy access. Tenants benefit from excellent signage and tenant mix. Co-tenants include Fifth Third Bank, Fleet Feet Shoes, Talbots, Star Nails, Guild Mortgage, Massage Envy, Chicos, PURE regenerative medicine, and more. Aldi, Goodwill, Autozone, O’Reilly, Pizza Hut, and more are all located in the immediate vicinity.
- 24 Hour Access
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
Presented by
UNIVERSITY SQUARE SHOPPING CENTER | 500 Sagamore Pky W
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