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5245-5251 Commercial St SE 1,600 SF of Retail Space Available in Salem, OR 97306
HIGHLIGHTS
- Inline space anchored by Padington's Pizza
- Excellent location and Exposure
- Well maintained shopping center with Ample parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 5247 | 1,600 SF | 5-10 Years | $30.71 CAD/SF/YR $2.56 CAD/SF/MO $49,136 CAD/YR $4,095 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 5247
High visibility retail space available for lease in the Paddington's Pizza strip center. Space consists of 1600 SF with a mostly open floor plan, private office and one ADA restroom.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Located in-line with other retail
- Prime high-traffic location with great exposure -
- Pylon sign for increased visibility
- Well-maintained and professional property
- Ample parking for customers and employees
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 5245-5251 COMMERCIAL ST SE, SALEM, OR 97306
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Blackjacks
- -
- -
- -
- Salon Gorgeous
- -
- -
- -
- Spas & More
- Retailer
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Blackjacks | - | - | - |
| Salon Gorgeous | - | - | - |
| Spas & More | Retailer | - | - |
PROPERTY FACTS
| Total Space Available | 1,600 SF | Gross Leasable Area | 12,569 SF |
| Property Type | Retail | Year Built | 1997 |
| Property Subtype | Freestanding | Parking Ratio | 6.64/1,000 SF |
| Total Space Available | 1,600 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 12,569 SF |
| Year Built | 1997 |
| Parking Ratio | 6.64/1,000 SF |
ABOUT THE PROPERTY
Located on the South end Commercial St in Salem. Neighboring businesses include Walmart, Burger King, Applebee's and much more. Easy access to and from I-5.
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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5245-5251 Commercial St SE
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