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Description
This prime retail or office space is located in a high-traffic plaza undergoing an exciting exterior modernization, including a new facade upgrade and fresh paint. Situated just 4 minutes from the heart of downtown, the property offers excellent visibility and access in a rapidly developing area. It's surrounded by several new residential projects, making it an ideal location for businesses looking to capitalize on increased foot traffic.
Key Highlights:
Location: Just 4 minutes from downtown, offering easy access to key city areas.
Proximity to New Development's:
- 2 minutes from a proposed 320-unit apartment building at the former Cadillac dealership site on Main Street.
- 1 minute from a proposed 102-unit apartment building called "The Woodley".
- 2 minutes from the newly completed Benton Crossing Apartments with 56 units.
High Visibility: 6-lane traffic on the Elmwood side and 5-lane traffic on Main Street, providing maximum exposure.
Unit Features: New flooring, energy-efficient LED light fixtures, updated bathroom fixtures, freshly painted walls, and a brand-new HVAC system.
Lease Terms & Requirements:
Lease Term: Minimum of 2 years.
Base Rent Increase: $1.00 per sq. ft. every 2 years (e.g., after 2 years, base rent increases from $20.00 to $21.00 per sq. ft.).
Income Requirement: Tenant must provide proof of income equal to three times the monthly rent.
Security Deposit: Required upon lease signing, along with the first month's rent upon move-in.
Required Documentation:
Proof of Income: 3 most recent pay stubs or 3 months of current bank statements.
Proof of Identification: Valid driver's license or state ID.
Application Fees: $80 application fee (non-refundable) and $32 background & credit check fee (non-refundable).
Lease Structure: Triple Net Lease (NNN)
Under the Triple Net Lease structure, the tenant is responsible for:
Base rent
Utilities: Garbage, Electricity, Water, and Sewer
Triple Net Expenses (NNN): Property Insurance, Common Area Maintenance (CAM) and Property Tax
This is an ideal location for businesses seeking high visibility and a growing customer base in a rapidly evolving area. With modernized facilities and an exciting development landscape nearby, this space provides an excellent foundation for your business to thrive. Contact us today to schedule a tour and discuss how this property can meet your business needs.
This prime retail or office space is located in a high-traffic plaza undergoing an exciting exterior modernization, including a new facade upgrade and fresh paint. Situated just 4 minutes from the heart of downtown, the property offers excellent visibility and access in a rapidly developing area. It's surrounded by several new residential projects, making it an ideal location for businesses looking to capitalize on increased foot traffic.
Key Highlights:
Location: Just 4 minutes from downtown, offering easy access to key city areas.
Proximity to New Development's:
- 2 minutes from a proposed 320-unit apartment building at the former Cadillac dealership site on Main Street.
- 1 minute from a proposed 102-unit apartment building called "The Woodley".
- 2 minutes from the newly completed Benton Crossing Apartments with 56 units.
High Visibility: 6-lane traffic on the Elmwood side and 5-lane traffic on Main Street, providing maximum exposure.
Unit Features: New flooring, energy-efficient LED light fixtures, updated bathroom fixtures, freshly painted walls, and a brand-new HVAC system.
Lease Terms & Requirements:
Lease Term: Minimum of 2 years.
Base Rent Increase: $1.00 per sq. ft. every 2 years (e.g., after 2 years, base rent increases from $20.00 to $21.00 per sq. ft.).
Income Requirement: Tenant must provide proof of income equal to three times the monthly rent.
Security Deposit: Required upon lease signing, along with the first month's rent upon move-in.
Required Documentation:
Proof of Income: 3 most recent pay stubs or 3 months of current bank statements.
Proof of Identification: Valid driver's license or state ID.
Application Fees: $80 application fee (non-refundable) and $32 background & credit check fee (non-refundable).
Lease Structure: Triple Net Lease (NNN)
Under the Triple Net Lease structure, the tenant is responsible for:
Base rent
Utilities: Garbage, Electricity, Water, and Sewer
Triple Net Expenses (NNN): Property Insurance, Common Area Maintenance (CAM) and Property Tax
This is an ideal location for businesses seeking high visibility and a growing customer base in a rapidly evolving area. With modernized facilities and an exciting development landscape nearby, this space provides an excellent foundation for your business to thrive. Contact us today to schedule a tour and discuss how this property can meet your business needs.
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