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Gateway Plaza 265 Morthland Dr
1,650 SF of Retail Space Available in Valparaiso, IN 46383
Highlights
- Location and frontage on US Hwy 30
- Well maintained property with experienced ownership
- Good tenant mix of successful businesses
- Signage on US Hwy 30
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste D | 1,650 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $2,750 /MO $33,000 /YR | Triple Net (NNN) |
1st Floor, Ste D
Great retail / office space on US Hwy 30. Former Limitless Nutrition the retail center offers a mix of professional / medical services and pizza and donut / pastry store. High traffic area with signage on US Hwy 30 the property is on the SW quadrant of US Hwy 30 & Hwy 2. The space is currently a shell condition approximately 33' wide and 50' deep. There is currently a private bathroom, small office, utility storage room and open space to be finished to meet your needs. The front is glass for natural light and visibility. Parking for customers in front of the building and room in the back for employees.
- Lease rate does not include utilities, property expenses or building services
- Private Restrooms
- Frontage & Visibility on Hwy 30
- Join professional medical and food providers
- Well Maintained Center in great location
- Shared parking area with excess behind building
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 265 Morthland Dr , Valparaiso, IN 46383
| Property Type | Retail | Total Land Area | 0.31 AC |
| Property Subtype | Storefront Retail/Office | Year Built | 1996 |
| Gross Leasable Area | 8,140 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 8,140 SF |
| Total Land Area | 0.31 AC |
| Year Built | 1996 |
About the Property
Ownership has 3 buildings with nearly 600' of frontage on US Hwy 30. The property has a nice mix of professional and medical users, food services and automotive. Great location near the intersection of US Hwy 30 & Hwy 2. There are 2 entrances off of Hwy 30, an entrance off of Hwy 2 and interior frontage road to access Horseprairie from the West. Well maintained property with parking in front and employee parking behind the building. Final rent dependent on term of lease and build out contributions. Historically NNN Pass through has been $450 / month.
Nearby Major Retailers
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Gateway Plaza | 265 Morthland Dr
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