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SPACE AVAILABILITY (3)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| Lower Level | 1,334 sq ft | Negotiable | Upon Application Upon Application Upon Application Upon Application | Negotiable | ||
| 1st Floor | 4,500-14,042 sq ft | Negotiable | Upon Application Upon Application Upon Application Upon Application | Negotiable | ||
| 2nd Floor | 14,500 sq ft | Negotiable | Upon Application Upon Application Upon Application Upon Application | Negotiable |
Lower Level
15 exclusive parking spaces over 100 feet of frontage on Wisconsin Avenue. Formerly occupied by Rite Aid.
- Partially Fit-Out as Standard Retail Unit
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 29,876 sq ft of adjacent space
1st Floor
15 exclusive parking spaces over 100 feet of frontage on Wisconsin Avenue. Formerly occupied by Rite Aid.
- Fully Fit-Out as Standard Retail Unit
- Can be combined with additional space(s) for up to 29,876 sq ft of adjacent space
2nd Floor
- Can be combined with additional space(s) for up to 29,876 sq ft of adjacent space
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 | 29,876 sq ft | Net Internal Area (NIA) | 29,876 sq ft |
| Min. Divisible | 1,334 sq ft | Year Built/Renovated | 1959/2015 |
| Property Type | Retail | Parking Allocation | 1/1,000 sq ft |
| Property Subtype | Shopfront |
| Total Space Available | 29,876 sq ft |
| Min. Divisible | 1,334 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront |
| Net Internal Area (NIA) | 29,876 sq ft |
| Year Built/Renovated | 1959/2015 |
| Parking Allocation | 1/1,000 sq ft |
ABOUT THE PROPERTY
This 35,000 square foot property has over 100 feet of signage on Wisconsin Avenue, and is also in an underserved submarket with great demographics - great opportunity.
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
2251-2255 Wisconsin Ave NW
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