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Spencer Shoppes 400 Salisbury Ave
2,000 - 11,700 SF of Retail Space Available in Spencer, NC 28159
Highlights
- Strategic location
- High visibility and easily accessible
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 9,700 SF | 10’6” | 5-10 Years | $9.00 /SF/YR $0.75 /SF/MO $87,300 /YR $7,275 /MO | Triple Net (NNN) | |
| 1st Floor | 2,000 SF | - | 5-10 Years | $11.00 /SF/YR $0.92 /SF/MO $22,000 /YR $1,833 /MO | Triple Net (NNN) |
400-422 S Salisbury Ave - 1st Floor
Generous Space: With +- 9,700 sq ft of shell space, the tenant can customize and design the interior to suit their specific business needs. High Visibility: The space offers excellent visibility and easy accessibility to foot traffic. Versatile Use: The space can accommodate a range of retail businesses, from boutiques and cafes to offices and showrooms.
- Lease rate does not include utilities, property expenses or building services
- Space In Need of Renovation
- Finished Ceilings: 10’6”
- Large shell space allows for customization
- Excellent visibility and accessibility
- Versatility of use of space
400-422 S Salisbury Ave - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
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 400 Salisbury Ave , Spencer, NC 28159
| Total Space Available | 11,700 SF | Frontage | Salisbury Ave |
| Center Type | Neighborhood Center | Gross Leasable Area | 31,383 SF |
| Parking | 250 Spaces | Total Land Area | 0.81 AC |
| Stores | 8 | Year Built | 1963 |
| Center Properties | 1 |
| Total Space Available | 11,700 SF |
| Center Type | Neighborhood Center |
| Parking | 250 Spaces |
| Stores | 8 |
| Center Properties | 1 |
| Frontage | Salisbury Ave |
| Gross Leasable Area | 31,383 SF |
| Total Land Area | 0.81 AC |
| Year Built | 1963 |
About the Property
Strategic Location: Situated across from the NC railroad transportation hub, your business will benefit from a constant flow of potential customers, and easy access for both commuters and local residents. Most of the neighboring spaces were renovated over the last year and have new tenants in place. The facade of this property was painted, and new outdoor lighting was installed. High Visibility: The property offers excellent visibility with ample signage opportunities. Ample parking space ensures convenient access for customers, making it easy for them to visit your establishment. Local Amenities: Spencer, NC, boasts a vibrant local community with nearby restaurants, shops, and services, providing additional appeal for potential customers.
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Spencer Shoppes | 400 Salisbury Ave
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