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131-135 S Wilmington St 3,188 sq ft of Office Space Available in Raleigh, NC 27601
HIGHLIGHTS
- Fronts S Wilmington St.
- Fully rehabilitated historic building.
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| 2nd Floor | 3,188 sq ft | 1-10 Years | £25.57 /sq ft pa £2.13 /sq ft pcm £81,522 pa £6,794 pcm | Full Service Gross |
2nd Floor
Fully rehabilitated historic building with exposed brick and hardwood floors and 3 private offices.
- Rate includes utilities, building services and property expenses
- 3 Private Offices
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 (NNN) 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 agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rent 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 rent 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 | 3,188 sq ft | Net Internal Area (NIA) | 6,771 sq ft |
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Shopfront Retail / Office |
| Total Space Available | 3,188 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront Retail / Office |
| Net Internal Area (NIA) | 6,771 sq ft |
| Year Built | 1920 |
ABOUT THE PROPERTY
131-135 S Wilmington was built in the 1920s in the early commercial architectural style found in Raleigh’s business district. Over the years it housed Womble Grocery, Art Craft Sign Shop and Marcus’ Famous Delicatessen, a Jewish-style deli that was an important part of Raleigh’s Jewish community. After Mr. Marcus died, Mrs. Levine took over the deli, moved it upstairs, and renamed it the Upstairs Restaurant. The restaurant remained a fixture for downtown businessmen and lawmakers until 2000. Following the historic tax credit rehab in 2006, this building has been home to a variety of retail and office tenants, and is the location of Gravy, Empire’s Italian restaurant.
- Bus Route
- Signage
NEARBY MAJOR RETAILERS
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131-135 S Wilmington St
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