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Flagship Retail Space in Center City 1401 Walnut St
5,522 - 23,257 SF of 4-Star Space Available in Philadelphia, PA 19102
Highlights
- Flagship retail space
- Corner location on Walnut St
- The property converges at the intersection of the Avenue of the Arts, Broad Street office Sector, Midtown Village & Rittenhouse Square.
- High ceilings and beautiful architecture
- Located on the corner of Philadelphia’s two most iconic streets with frontage on Walnut Street & Broad Street with corner visibility.
- Uniquely situated on Philadelphia’s “High Street” while also surrounded by hotels, apartments & office density.
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 12,213-17,735 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
Total SF: 17,735. Three floors of flagship retail space.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- High Ceilings
- Flagship Retail Space
- Two Floors
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 12,213-17,735 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 2nd Floor | 5,522 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Total SF: 17,735. Three floors of flagship retail space.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- High Ceilings
- Flagship Retail Space
- Two Floors
2nd Floor
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
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 1401 Walnut St , Philadelphia, PA 19102
| Min. Divisible | 5,522 SF | Gross Leasable Area | 109,110 SF |
| Property Type | Retail | Year Built/Renovated | 1917/2007 |
| Property Subtype | Storefront Retail/Residential |
| Min. Divisible | 5,522 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 109,110 SF |
| Year Built/Renovated | 1917/2007 |
About the Property
Flagship retail space available for lease! Located on the most prominent corner in Center City at Broad & Walnut St with heavy pedestrian and vehicle traffic. This amazing 2 story flagship retail space features dramatic architecture, excellent signage potential for any future tenant, and high ceilings. Easy access to major public transit hubs and major roadways. 12,298 SF available with 8,908 SF on the ground floor and 3,390 SF on the ground floor Nearby tenant include Citizens Bank, Cheesecake Factory, Le Pain Quotidien, TD Bank, Hip City Veg, The Union League, The Bellevue Hotel, CB2 and much more! Direct lease, terms negotiable
- Security System
- Air Conditioning
Nearby Major Retailers
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Steve Jeffries -
Tri State Commercial - PRECISION
Presented by
Flagship Retail Space in Center City | 1401 Walnut St
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