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First Centre 5991 Central Ave 5,000 SF of Retail Space Available in Portage, IN 46368
HIGHLIGHTS
- Retail space for lease in Portage, IN
- 3,000 SF endcap unit
- Located across the street from a Strack & Van Til anchored Power Center
- Hard Corner of Willowcreek and Central Avenue
- Stoplight intersection
- Anchored by Ace Hardware
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,000 SF | Negotiable | $19.54 CAD/SF/YR $1.63 CAD/SF/MO $97,714 CAD/YR $8,143 CAD/MO | Triple Net (NNN) |
1st Floor
5,000 SF endcap unit for lease.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
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 FIRST CENTRE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Ace Hardware
- Hardware
- 4,594
- International
- The Paint Studio
- -
- 1
- -
- U-Haul
- Real Estate
- 32,556
- International
- Village Carpet & Tiles
- Real Estate
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Ace Hardware | Hardware | 4,594 | International |
| The Paint Studio | - | 1 | - |
| U-Haul | Real Estate | 32,556 | International |
| Village Carpet & Tiles | Real Estate | 1 | - |
PROPERTY FACTS
| Total Space Available | 5,000 SF | Gross Leasable Area | 12,500 SF |
| Property Type | Retail | Year Built | 1961 |
| Property Subtype | Storefront | Parking Ratio | 1.29/1,000 SF |
| Total Space Available | 5,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 12,500 SF |
| Year Built | 1961 |
| Parking Ratio | 1.29/1,000 SF |
ABOUT THE PROPERTY
Retail space now available for lease in Portage, IN. The subject building is located at the signalized intersection of WIllowcreek and Central Avenue. The 5,000 SF endcap unit offers prime exposure and anchored by Ace Hardware. The property sits directly across the street from a Strack & Van Til anchored shopping center which includes nationals such as Dunkin, Family Dollar, Leslie's Pool Supplies, Pet Supplies Plus and many others. Retail Center located at the stoplight corner of Central Avenue and Willowcreek Road in Portage, IN. Portage is the largest city in Porter County and the third largest in Northwest, IN. According to the 2010 census, the population was roughly 37,000. Portage is a city strategically located 35 miles from downtown Chicago via 80-94. It is considered a heavily industrial city and has seen many large developments over the last couple of years.
- 24 Hour Access
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
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First Centre | 5991 Central Ave
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