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Expressway Centre 914 S 12th St 2,275 SF of Retail Space Available in Bismarck, ND 58504
HIGHLIGHTS
- Great tenant mix
- Handicap accessibility traffic area
- Broker owned property
- Abundance of front door parking
- Only space available in this established and successful center
- High traffic on Bismarck Expressway
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 106 | 2,275 SF | 5 Years | $22.03 CAD/SF/YR $1.84 CAD/SF/MO $50,119 CAD/YR $4,177 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 106
Retail space for lease at Expressway Centre. Lease Price: $3,886 per month (includes CAM) $16.00 per SF plus $4.50 per SF CAM. Easily converted to retail or National food chain uses
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space In Need of Renovation
- Space will be turned over as a vanilla box
- Two restrooms
- Lease Terms: 5 year minimum initial term
- Abundance front door parking
- Handicap accessibility traffic area
- Back door delivery area
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 | 2,275 SF | Gross Leasable Area | 25,000 SF |
| Property Type | Retail | Total Land Area | 2.78 AC |
| Property Subtype | Storefront Retail/Office | Year Built | 2006 |
| Total Space Available | 2,275 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 25,000 SF |
| Total Land Area | 2.78 AC |
| Year Built | 2006 |
ABOUT THE PROPERTY
Space Available: 2,275 sf, Lease Rate: $16 psf + $4.50 psf CAM $3,696.88/ mo (Yrs 1-5) $16 psf + 4.50 psf CAM, Ample Surface Parking, Great Visibility / Easy Access / High Traffic - Next to Dollar Tree, Cashwise Grocery, Big Lots & Office Depot !! Great Signage on of bldg & Pylon on Bismarck Expressway Broker- Part Owner EXPRESSWAY CENTRE - off Bismarck Expressway
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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Expressway Centre | 914 S 12th St
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