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HIGHLIGHTS
- Eight tenants comprise a nice mix of smaller and larger spaces
- Well-maintained landscaping with newly renovated curb and sideway
- Ample parking and easy access to Hwy 70 via Benson Road (NC Hwy 50)
- Traffic counts on Benson Rd is ±12,600 VPD, with ±29,400 VPD at the intersection of Hwy 70
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 527 Plaza Circle | 6,000-13,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
505-537 Plaza Cir - 1st Floor - Ste 527 Plaza Circle
The space features a flexible ±6,000-13,500 SF (divisible) layout with 14-foot ceiling heights throughout and the potential to be fully opened up for a single expansive footprint. It can accommodate a wide range of uses, including traditional retail, fitness, education, worship, or creative concepts. The current layout includes a lobby and offices along the front, a large open area in the core, and a rear section with multiple demised office or storage rooms, spacious men’s and women’s locker rooms, and loading/storage access. A large covered entry drive provides convenient, weather-protected access at the front of the space.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Large, open space
- Covered entry
- Abundant 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.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 13,500 SF | Center Properties | 3 |
| Min. Divisible | 6,000 SF | Frontage | 362’ on Benson Rd |
| Center Type | Neighborhood Center | Gross Leasable Area | 65,441 SF |
| Parking | 251 Spaces | Total Land Area | 7.59 AC |
| Stores | 8 | Year Built | 1970 |
| Total Space Available | 13,500 SF |
| Min. Divisible | 6,000 SF |
| Center Type | Neighborhood Center |
| Parking | 251 Spaces |
| Stores | 8 |
| Center Properties | 3 |
| Frontage | 362’ on Benson Rd |
| Gross Leasable Area | 65,441 SF |
| Total Land Area | 7.59 AC |
| Year Built | 1970 |
ABOUT THE PROPERTY
SVN | REA is pleased to present for lease The Shops at Garner Plaza, a ±57,783 SF shopping center located on Hwy 50/Benson Rd just off Highway 70 in Garner, NC near downtown Raleigh (±5 miles). Tenants include Family Dollar, Carolina Billiards, NY Bride & Groom, and more. Currently available is 527 Plaza Circle, a ±6,000 - 13,500 SF former event space. This flexible and open layout is conducive to an array of different uses. Please contact brokers for more leasing information.
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
Garner Plaza | 505-537 Plaza Cir
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