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60-62 W Main St 5,700 SF of Retail Space Available in Somerville, NJ 08876
HIGHLIGHTS
- Great Retail Location, Excellent Visibility, Very Active Downtown
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste First Floor | 5,700 SF | Negotiable | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $222,789 CAD/YR $18,566 CAD/MO | Triple Net (NNN) |
1st Floor, Ste First Floor
Located at the intersection of W. Main and Maple Street. This 3-story mixed use building is a superior retail location on W. Main Street with excellent visibility and easy access to Routes 202, 206, 22, 28 & I-287. Somerset County is considered among the wealthiest counties in the nation, containing over 14,000 businesses, many of which are major corporations and include Bridgewater Commons Mall. Somerville remains Somerset County’s downtown, and is the heart of its designated Regional Center.
- Lease rate does not include utilities, property expenses or building services
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.
PROPERTY FACTS
| Total Space Available | 5,700 SF | Gross Leasable Area | 17,100 SF |
| Property Type | Retail | Year Built | 2007 |
| Property Subtype | Storefront | Parking Ratio | 0.23/1,000 SF |
| Total Space Available | 5,700 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 17,100 SF |
| Year Built | 2007 |
| Parking Ratio | 0.23/1,000 SF |
ABOUT THE PROPERTY
This 3-story mixed use building which is in beautiful condition and has a superior retail location on W. Main Street at the intersection of W. Main and Maple Street in the heart of downtown Somerville. It has excellent visibility, front & rear entrances, 4 private parking spaces and backs up to the municipal lot. This property offers easy access to Routes 202, 206, 22, 28 & I-287. Somerset County is considered among the wealthiest counties in the nation, containing over 14,000 businesses. Somerville remains County’s premier downtown area, and is the heart of its designated Regional Center. This space is a prime retail location and is a great match for retail, service, restaurant, fitness/workout facility or entertainment location. The owner is willing to consider more that one business sharing the space. The space was previously occupied by a bank.
NEARBY MAJOR RETAILERS
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60-62 W Main St
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