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128 Marketplace 1 General Way
3,000 - 46,000 SF of Retail Space Available in Reading, MA 01867
Highlights
- Minutes off Route I-95/128
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 35,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 2 | 8,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 3 | 3,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1 General Way - 1st Floor
1 General Way - 1st Floor - Ste 2
1 General Way - 1st Floor - Ste 3
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 FOR 1 General Way , Reading, MA 01867
| Center Type | Community Center | Frontage | 53’ on General Way |
| Parking | 850 Spaces | Gross Leasable Area | 258,000 SF |
| Stores | 1 | Total Land Area | 20.30 AC |
| Center Properties | 1 | Year Built | 1950 |
| Center Type | Community Center |
| Parking | 850 Spaces |
| Stores | 1 |
| Center Properties | 1 |
| Frontage | 53’ on General Way |
| Gross Leasable Area | 258,000 SF |
| Total Land Area | 20.30 AC |
| Year Built | 1950 |
About the Property
Perfect spot for a Sports Bar!!! Dynamic 250,000 sf retail center with 850 parking spaces 400 yards from Route 128/I-95. Population in 15 mile radius is One Million. Join with these mega well-known retailers: Market Basket (anchor) adjoining detached Stop & Shop Superstore. Jordan's Furniture, IMax, Home Depot, The Paper Store, Macaroni Grill,Starbucks, Bank of America on this exciting recently emerging retail corridor. Exceptional demographics. Existing tenants are: K&G Fashion Superstore, Creative Playthings, Baby Furniture Warehouse, The Wine Bunker and The Reading Athletic Club. This is truly an exciting retail leasing opportunity offering high traffic, super demographics, a bursting developing retail corridor with two mega supermarkets as additional traffic draw. This geographic area of Rte 128 is known for its high-tech, bio-tech, banking, financial services and business firms. Situated between Rte. 128 a and I-93 (connecting Greater Boston with Southern NH). Walking distance to public transportation via MBTA commuter rail to-from Boston & points north. Minutes off Route I-95/128 (w/cloverleaf to Walkers Brook Drive). Close to Route 93 and Route 1. Situated about equal distance between Burlington & North Shore Malls. Close to Boston, Somerville, Medford, Malden, Saugus, Peabody, North Andover, and Wakefield.
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
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Jody Heyward -
Danis Properties
Presented by
128 Marketplace | 1 General Way
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