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VPR Properties Business Park 16223 Shelbyville Rd
124,160 SF of 4-Star Retail Space Available in Louisville, KY 40245
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SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
Space | Size | Term | Rental Rate | Rent Type | ||
1st Floor, Ste n/a | 124,160 SF | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $3,476,480 /YR $289,707 /MO | Triple Net (NNN) |
1st Floor, Ste n/a
Located next to the brand new Publix in Eastwood, VPR Properties Business Park is being developed in a highly sought-after location and will be the only mixed-use development in the immediate area. It is surrounded by recently constructed residential neighborhoods and will be the go-to center of choice. The current plan will offer four office buildings totaling 28,160 square feet, a 33,600 square foot medical office building, a 33,600-square-foot elder care facility, and two retail buildings totaling 28,800 square feet. In total, the business park will house 124,160 square feet on 11.4 acres. *Lease will be contingent on re-zoning being approved.
- Lease rate does not include utilities, property expenses or building services
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 16223 SHELBYVILLE RD , LOUISVILLE, KY 40245
Total Space Available | 124,160 SF | Gross Leasable Area | 124,160 SF |
Property Type | Retail | Construction Status | Proposed |
Property Subtype | Convenience Store |
Total Space Available | 124,160 SF |
Property Type | Retail |
Property Subtype | Convenience Store |
Gross Leasable Area | 124,160 SF |
Construction Status | Proposed |
ABOUT THE PROPERTY
Located next to the brand new Publix in Eastwood, VPR Properties Business Park is being developed in a highly sought-after location and will be the only mixed-use development in the immediate area. It is surrounded by recently constructed residential neighborhoods and will be the go-to center of choice. The current plan will offer four office buildings totaling 28,160 square feet, a 33,600 square foot medical office building, a 33,600-square-foot elder care facility, and two retail buildings totaling 28,800 square feet. In total, the business park will house 124,160 square feet on 11.4 acres. *Lease will be contingent on re-zoning being approved.
Presented by
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VPR Properties Business Park | 16223 Shelbyville Rd
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