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540 Deering Ave 11,500 SF of Retail Space Available in Portland, ME 04103
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 11,500 SF | 11’ - 14’ | 1-10 Years | $18.15 CAD/SF/YR $1.51 CAD/SF/MO $208,690 CAD/YR $17,391 CAD/MO | Triple Net (NNN) |
1st Floor
Mostly open space except for bathrooms.
- Lease rate does not include utilities, property expenses or building services
- Private Restrooms
- Freezer Space
- Exposed Ceiling
- Finished Ceilings: 11’ - 14’
- Basement
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 540 DEERING AVE, PORTLAND, ME 04103
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Artist & Craftsman Supply
- Art/Crafts
- 26
- National
- Artstock Inc
- Art Gallery
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Artist & Craftsman Supply | Art/Crafts | 26 | National |
| Artstock Inc | Art Gallery | 1 | - |
PROPERTY FACTS
| Total Space Available | 11,500 SF | Gross Leasable Area | 11,500 SF |
| Property Type | Retail | Year Built | 1924 |
| Property Subtype | Freestanding |
| Total Space Available | 11,500 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 11,500 SF |
| Year Built | 1924 |
ABOUT THE PROPERTY
FOR LEASE * 540 DEERING AVENUE * PORTLAND ARTIST & CRAFTSMAN SUPPLY IS LEAVING 11,500 +/- SQUARE FEET—WITH ENTERANCES ON DEERING AVENUE AND REVERE STREET with a parking lot in Woodfords Corner LESSOR: KAPLAN 540 LLC (207) 761-6500 KAPLANCOMPANY@MSN.COM DESCRIPTION: In the heart of Woodfords Corner. Just off Forest Avenue. There is 60 feet of frontage on Deering Avenue, 112 +/- feet of frontage on Revere Street. Visible from Woodfords Street. The floor is made of cement. The building is handicapped accessible from Deering Avenue and Revere Street entrances and has a shared 14 space parking lot with Big Sky Bread Company. This building, for the most part, is open space with very few interior walls. LEASE RATE: BUILDING AREA: Total: 11,500+/- square feet CEILING HEIGHT: 11 +/- feet to 14+/- feet BUILDING CONSTRUCTION: Brick or masonry—floors are made of cement PARKING LOT: 14 spaces share with Big Sky Bread Company BASEMENT: 550 square feet LOADING DOCK: one DRIVE THROUGH DOOR: the Revere St. store front used to be a drive through door Cement block insulated room: 320 square feet BATHROOMS: two bathrooms & one is handicapped accessible ZONING: TOD-1 transit neighborhood HVAC: two 5 ton Trane HVAC roof top units & one Modine oil hot air furnace hung from ceiling & two additional gas fired American Standard furnaces hung from ceiling ELECTRIC: 2 CMP meters—2 circuit breaker panels 200 amp and 100 amp Portland Storm Water Fee: $1,209.00 per year $.11 per sq ft Portland Real Estate Tax: $9,581.60 per year $.83 per sq ft Insurance: $9,716.64 per year $.85 per sq ft Fire sprinkler (wet): $558.96 per year $.05 per sq ft Total: $20,909.40 per year $1.82 per sq ft Current Tenant: Artist & Craftsman Supply for 30 + years Other businesses within walking distance: Big Sky Bread Company, Bird & Co. Woodfords F & B, Bayou Kitchen, Walgreen Pharmacy, Merrill Seafood, Back Cove Book Store, Maiz Colombian street food. The property has entrances on Deering Avenue and Revere Street. A loading dock and the possibility of a vehicle drive through door. Please contact us if you have any question or would like a tour of the property. Michael Kaplan KAPLAN 540 LLC 49 Ocean Avenue Portland, Maine 04103-5722 (207) 761-6500 kaplancompany@msn.com
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
KAPLAN 504 LLC
540 Deering Ave
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