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Former Rite-Aid- Can Be Divided 898 S Main St 11,253 SF of Retail Space Available in Centerville, OH 45458
HIGHLIGHTS
- Highly desirable outparcel at a light
- Maximum Visibility and Accessibility; Customer Convenience; Synergy with Anchor Tenants; Drive-Thru; Prominent Location for Brand Exposure
- Ownership would consider a ground lease
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 11,253 SF | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $236.81 /m²/YR $19.73 /m²/MO $20,631 /MO $247,566 /YR | Double Net |
1st Floor
- Lease rate does not include certain property expenses
- Space is an outparcel at this property
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.
PROPERTY FACTS
| Total Space Available | 11,253 SF | Gross Leasable Area | 11,253 SF |
| Property Type | Retail | Year Built | 1998 |
| Property Subtype | Drug Store | Parking Ratio | 7.07/1,000 SF |
| Total Space Available | 11,253 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 11,253 SF |
| Year Built | 1998 |
| Parking Ratio | 7.07/1,000 SF |
ABOUT THE PROPERTY
11,253 Square Feet 1.256 acres built in 1998; Freestanding former Rite Aid with open floor plan Drive-thru pick-up window with canopy Three entrances with one large monument sign at the corner of S Main St & Spring Valley Pike with 39,890 cpd at the intersection Excellent visibility located at a traffic light in a well-established retail corridor adjacent to Kettering Health's new 66,000 sf medical office building and a 148,000 sf Kroger Marketplace Located on SR 48 Centerville’s major throughfare in a high-growth area 141,878 Residents in the Primary Trade Area with an average household income of $152,098 For Lease: $22.00 + $2.51NN (building could be demised into smaller units at $28.00-$32.00 NN) Discounts Offered for Full-Building Lease! Take advantage of exclusive pricing when you lease the entire building Flexible Options Available Ownership is open to dividing the space into smaller units to suit your business needs ?? Call Now for Details and to Schedule a Tour!
- Drive Thru
NEARBY MAJOR RETAILERS
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Former Rite-Aid- Can Be Divided | 898 S Main St
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