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515 S Elm St 624 SF of Retail Space Available in Greensboro, NC 27406
Sublease Highlights
- Available SF ± 624
- Central Business Zoning
- Includes over $40,000 in FF&E to be used by the tenant
- High foot traffic area
- Vibrant local commercial shopping district
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 624 SF | Negotiable | $44.55 CAD/SF/YR $3.71 CAD/SF/MO $27,798 CAD/YR $2,316 CAD/MO | Modified Gross |
1st Floor
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
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 515 S Elm St, Greensboro, NC 27406
- Tenant
- Description
- US Locations
- Reach
- Area
- Furniture/Mattress
- 1
- -
- Area-modern Home & Lighting
- Furniture/Mattress
- 1
- -
- Gate City Physio
- Health Care
- 1
- -
- Sonder Mind & Body Llc
- Fitness
- 1
- -
- Tigermoth Creative
- Business/Copy/Postal Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| Area | Furniture/Mattress | 1 | - |
| Area-modern Home & Lighting | Furniture/Mattress | 1 | - |
| Gate City Physio | Health Care | 1 | - |
| Sonder Mind & Body Llc | Fitness | 1 | - |
| Tigermoth Creative | Business/Copy/Postal Services | 1 | - |
Property Facts
| Total Space Available | 624 SF | Gross Leasable Area | 10,000 SF |
| Property Type | Retail | Year Built/Renovated | 1900/1981 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.4/1,000 SF |
| Total Space Available | 624 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 10,000 SF |
| Year Built/Renovated | 1900/1981 |
| Parking Ratio | 0.4/1,000 SF |
About the Property
The owner of Sonder Mind and Body is looking for an operator that compliments her thriving wellness business. This is a turnkey café / retail opportunity located in Greensboro's vibrant downtown commercial shopping district, offers exceptional visibility and high pedestrian traffic. The location features high ceilings, modern design and a fully functional cafe including over $40,000 in FF&E. This turnkey property would make an excellent juice bar, wellness market, vitamin shop, ect. This opportunity allows you to relocate or start your own business without the large upfront costs of purchasing equipment. Street and nearby public parking provide convenient access for customers and employees. The space is available for $1,650 per month plus utilities.
- Bus Line
Nearby Major Retailers
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515 S Elm St
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