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Lily Reserve Retail Center 285 W Olentangy St 2,488 SF of Retail Space Available in Powell, OH 43065
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101 | 2,488 SF | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $376.74 /m²/YR $31.39 /m²/MO $7,257 /MO $87,080 /YR | Triple Net (NNN) |
1st Floor, Ste 101
- Lease rate does not include utilities, property expenses or building services
- 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.
SELECT TENANTS AT LILY RESERVE RETAIL CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Hammer & Nails Salon
- Services
- -
- -
- XGolf
- Arts, Entertainment, and Recreation
- -
- -
- Yoga Six
- Fitness
- 274
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Hammer & Nails Salon | Services | - | - |
| XGolf | Arts, Entertainment, and Recreation | - | - |
| Yoga Six | Fitness | 274 | International |
PROPERTY FACTS
| Total Space Available | 2,488 SF | Year Built | 2023 |
| Property Type | Retail | Parking Ratio | 6.38/1,000 SF |
| Gross Leasable Area | 13,000 SF |
| Total Space Available | 2,488 SF |
| Property Type | Retail |
| Gross Leasable Area | 13,000 SF |
| Year Built | 2023 |
| Parking Ratio | 6.38/1,000 SF |
ABOUT THE PROPERTY
+/- 13,000 SF new-build retail center. Hard corner location at a signalized intersection. 15,748 vehicles per day on Olentangy Street. Located between Sawmill Parkway and downtown Powell. 68 parking spaces 5.23 per 1,000 SF).
- Corner Lot
- Signalized Intersection
- PATH
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Murphy Pkwy | Charlescarn Dr, S | 1,641 | 2025 | 0.07 mi |
| Village Pointe Dr | - | 1,676 | 2025 | 0.08 mi |
| W Olentangy St | Traditions Way, E | 14,804 | 2025 | 0.12 mi |
| Grey Oaks Dr | Murphy Pkwy, NE | 815 | 2025 | 0.14 mi |
| Industrial Park Pl | W Olentangy St, S | 896 | 2018 | 0.15 mi |
| Murphy Pkwy | Grey Oaks Dr, NW | 1,151 | 2025 | 0.15 mi |
| West Olentangy Street | Lincoln St, E | 14,168 | 2025 | 0.16 mi |
| OLENTANGY ST | Lincoln St, E | 14,189 | 2024 | 0.16 mi |
| W Olentangy St | Industrial Park Pl, E | 14,648 | 2020 | 0.19 mi |
| W Olentangy St | Industrial PkPl, E | 14,110 | 2025 | 0.19 mi |
NEARBY MAJOR RETAILERS
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