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Freestanding Building on 1.530 acres 401 W North St
11,180 SF of Retail Space Available in Springfield, OH 45504
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 11,180 SF | Negotiable | $18.00 USD/SF/YR $1.50 USD/SF/MO $193.75 USD/m²/YR $16.15 USD/m²/MO $16,770 USD/MO $201,240 USD/YR | Double Net |
1st Floor
Located off of Hwy 40 West Main Street and West North Street the major thoroughfare and connection access in Springfield. Neighboring retailers include Mercy Health Regional Campus, NEW Biggby Coffee, Lee’s Famous Recipe, Wendy's and other surrounding retail and restaurants.
- Lease rate does not include certain property expenses
- Space is an outparcel at this property
- Central Air Conditioning
- Recessed Lighting
- Drive Thru
- Excellent visibility
- 2 lane drive thru with canopy
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.
SITE PLAN
PROPERTY FACTS FOR 401 W North St , Springfield, OH 45504
| Property Type | Retail | Year Built | 1998 |
| Property Subtype | Drug Store | Parking Ratio | 4.47/1,000 SF |
| Gross Leasable Area | 11,180 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 11,180 SF |
| Year Built | 1998 |
| Parking Ratio | 4.47/1,000 SF |
About the Property
11,180 Square Feet 1.530 acres built in 1998; Commercial Land Freestanding former Rite Aid with open floor and ceiling plan 2 lane drive thru with canopy 3 entrances with 3 large Monument Signs Excellent visibility with multiple ingress/egresses located across from Mercy Health Springfield Regional Medical Center -Springfield's only full-service hospital, with complete care including 24/7 emergency services, maternity services, critical and intensive care, surgery and pediatric care Located off of Hwy 40 West Main Street and West North Street the major thoroughfare and connection access in Springfield Neighboring retailers include Mercy Health Regional Campus, NEW Biggby Coffee, Lee’s Famous Recipe, Wendy's and other surrounding retail and restaurants For Lease: $18.00 + $2.00NN
- Drive Thru
- Monument Signage
- Air Conditioning
-
Tracey Herron -
Kelly Gray -
Equity, LLC
Presented by
Freestanding Building on 1.530 acres | 401 W North St
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