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1551 Gemini Pl
34,122 - 69,662 SF of Retail Space Available in Columbus, OH 43240
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 34,122-34,831 SF | Negotiable | $18.95 /SF/YR $1.58 /SF/MO $203.98 /m²/YR $17.00 /m²/MO $55,004 /MO $660,047 /YR | Triple Net (NNN) | ||
| 2nd Floor | 34,122-34,831 SF | Negotiable | $18.95 /SF/YR $1.58 /SF/MO $203.98 /m²/YR $17.00 /m²/MO $55,004 /MO $660,047 /YR | Triple Net (NNN) |
1st Floor
This is a single tenancy space only. Tenant must occupy the entire 69,662 square feet of space.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 69,662 SF of adjacent space
- Immediate access to I-71 and I-270
- Built in 2018 with open concept
2nd Floor
This is a single tenancy space only. Tenant must occupy the entire 69,662 square feet of space.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 69,662 SF of adjacent space
- Immediate access to I-71 and I-270
- Built in 2018 with open concept
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 1551 Gemini Pl , Columbus, OH 43240
| Min. Divisible | 34,122 SF | Gross Leasable Area | 69,662 SF |
| Property Type | Retail | Year Built | 2018 |
| Property Subtype | Freestanding | Parking Ratio | 2.3/1,000 SF |
| Min. Divisible | 34,122 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 69,662 SF |
| Year Built | 2018 |
| Parking Ratio | 2.3/1,000 SF |
About the Property
Elford Realty, LLC is pleased to present the opportunity to lease this former Art Van Furniture building, ideally situated just west of Interstate 71 in the thriving Polaris market of north Columbus, Ohio. The building was built in 2018, boasts strong demographics, high traffic and signi?cant daytime population, and is conveniently located in Polaris Fashion Place & Polaris Centers of Commerce, as well as near Chase Bank corporate office campus. This is a rare opportunity to lease a free-standing 69,662 SF building in this growing market. The only restricted uses for the site are related to sporting good tenants who won’t allow more than 25% of ?oor space dedicated to the restricted sale of outdoor and sports items. The building is available for lease at $18.95/SF NNN (which includes the ground rent) with the CAM, Tax, and Insurance at approximately $6.06/SF.
Nearby Major Retailers
Contacts
-
Andrew Mills, SIOR, CCIM -
Kristy Daniel, SIOR -
Jackie Delay -
Elford Realty, LLC
Learn More About Leasing Retail Properties
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1551 Gemini Pl
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