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131 Franklin St
1,000 SF of Retail Space Available in Westerly, RI 02891
Highlights
- Centrally located
- Traffic count of 21,000 per day
- Ample parking
- Heat and electric included
- 3 offices, a conference room and reception area
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,000 SF | Negotiable | $24.00 /SF/YR $2.00 /SF/MO $24,000 /YR $2,000 /MO | Full Service |
1st Floor
Commercial office space located in the heart of Westerly. Located within the Dime Bank building, close to a popular shopping plaza on Franklin St with a traffic count of 21,000 per day, this space features 3 offices, a conference room and reception area. The site provides ample parking and has a meeting room available onsite. Ideally setup for an office but zoning allows for many types of retail and service uses as well. Close proximity to I-95, the CT/RI border and Westerly beaches. Heat and electric included.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Central Air and Heating
- Private Restrooms
- Basement
- Centrally located
- Heat and electric included.
- Traffic count of 21,000 per day
- 3 offices, a conference room and reception area
- Ample parking
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 131 Franklin St , Westerly, RI 02891
| Total Space Available | 1,000 SF | Gross Leasable Area | 5,232 SF |
| Property Type | Retail | Year Built | 2004 |
| Property Subtype | Bank | Parking Ratio | 6.69/1,000 SF |
| Total Space Available | 1,000 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 5,232 SF |
| Year Built | 2004 |
| Parking Ratio | 6.69/1,000 SF |
About the Property
Commercial office space located in the heart of Westerly. Located within the Dime Bank building, close to a popular shopping plaza on Franklin St with a traffic count of 21,000 per day, this space features 3 offices, a conference room and reception area. The site provides ample parking and has a meeting room available onsite. Ideally setup for an office/ professional service uses. Close proximity to I-95, the CT/RI border and Westerly beaches. Heat and electric included.
- Corner Lot
- Drive Thru
Nearby Major Retailers
Presented by
131 Franklin St
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