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Westgate Shopping Center 697 Wallace Rd 917 - 3,544 SF of Retail Space Available in Salem, OR 97304
HIGHLIGHTS
- Premiere Wallace Road retail center
- Multiple options available
- Highest traffic counts in West Salem
- Join Walgreens, Panda Express, Jamba, AT&T and others!
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 130 | 977 SF | 5 Years | $39.78 CAD/SF/YR $3.32 CAD/SF/MO $38,869 CAD/YR $3,239 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 150 | 917 SF | 5 Years | $39.78 CAD/SF/YR $3.32 CAD/SF/MO $36,482 CAD/YR $3,040 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 170 | 1,650 SF | 5 Years | $39.09 CAD/SF/YR $3.26 CAD/SF/MO $64,492 CAD/YR $5,374 CAD/MO | Triple Net (NNN) |
515 Taggart Dr - 1st Floor - Ste 130
Fantastic small office space with two private offices, oversized reception area and single ADA restroom. Annual NNN’s estimated at $8.97 and include garbage and HVAC maintenance.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Located in-line with other retail
- Space is in Excellent Condition
525 Taggart Dr - 1st Floor - Ste 150
This 917 SF space would be ideal for any number of small retail businesses. No restaurant or office allowed. NNN’s estimated at $8.97 includes garbage and HVAC maintenance.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Located in-line with other retail
525 Taggart Dr - 1st Floor - Ste 170
First time on market since the shopping center was constructed. Former tanning salon. NNN’s estimated at $8.97 includes w/s, garbage and HVAC maintenance.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
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 | 3,544 SF | Frontage | 366’ on Wallace Rd |
| Center Type | Neighborhood Center | Gross Leasable Area | 41,752 SF |
| Parking | 542 Spaces | Total Land Area | 28.04 AC |
| Center Properties | 6 | Year Built | 2007 |
| Total Space Available | 3,544 SF |
| Center Type | Neighborhood Center |
| Parking | 542 Spaces |
| Center Properties | 6 |
| Frontage | 366’ on Wallace Rd |
| Gross Leasable Area | 41,752 SF |
| Total Land Area | 28.04 AC |
| Year Built | 2007 |
ABOUT THE PROPERTY
This Walgreen-anchored shopping center is strategically located on Wallace Road in an area of concentrated daily needs retailers and other services. There are multiple access points and great signage and visibility. NOTE: There are no spaces available allowing restaurant use or alcohol sales.
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
Presented by
Westgate Shopping Center | 697 Wallace Rd
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