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258 Union St
1,344 SF of Retail Space Available in Rockland, MA 02370
HIGHLIGHTS
- Heavy Daytime foot traffic
- 18 parking spaces
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,344 SF | 5 Years | $53.52 /SF/YR $4.46 /SF/MO $71,931 /YR $5,994 /MO | Triple Net (NNN) |
1st Floor
Please send any applications to arian@simakurealty.com. We are looking to offer a 5-year lease, triple-net (NNN)lease for $6000 per month. New tenants must provide first, last, and security deposit. Also, a personal guarantee of $100,000 in case the tenant loses the inspection license (we can discuss that with whoever is interested after they sign an NDA)
- 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 258 UNION ST , ROCKLAND, MA 02370
| Total Space Available | 1,344 SF | Gross Leasable Area | 18,588 SF |
| Property Type | Retail | Year Built | 1985 |
| Property Subtype | Auto Repair | Parking Ratio | 0.97/1,000 SF |
| Total Space Available | 1,344 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 18,588 SF |
| Year Built | 1985 |
| Parking Ratio | 0.97/1,000 SF |
ABOUT THE PROPERTY
Great opportunity to take over a successful auto repair shop! This thriving auto repair shop is located in a prime location at the heart of the beautiful downtown of Rockland. The landlord offers an opportunity to take over the existing business established for a while, and it comes with an inspection machine. New tenants/lessees must provide a good history as a technician or an owner of another location with a successful history. The business has a good rating and history, and we would like to keep it that way. Please reach out for details and we can discuss it further.
- Corner Lot
- Pylon Sign
NEARBY MAJOR RETAILERS
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258 Union St
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