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University Towne Centre 4001-5001 University Town Center Dr
1,000 - 23,000 SF of Retail Space Available in Morgantown, WV 26501
Highlights
- Current Occupancy Rate of 98%
- Less than 5 minute drive to West Virginia University Campus.
- Located within minutes of WVU
- 1,000,000 SF of retail
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 | 1,000-3,000 SF | 16’ | Negotiable | $40.00 /SF/YR $3.33 /SF/MO $430.56 /m²/YR $35.88 /m²/MO $10,000 /MO $120,000 /YR | Triple Net (NNN) | |
| 1st Floor | 20,000 SF | 23’ - 25’ | 10-20 Years | $15.00 /SF/YR $1.25 /SF/MO $161.46 /m²/YR $13.45 /m²/MO $25,000 /MO $300,000 /YR | Double Net |
3000-5001 University Town Center Dr - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Finished Ceilings: 16’
3000-5001 University Town Center Dr - 1st Floor
Former Regal Theatre... will be shelled for future retail.
- Lease rate does not include certain property expenses
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- 1 Loading Dock
- Finished Ceilings: 23’ - 25’
- Located at the #2 Shopping Center in the state
- High Ceilings
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.
SITE PLAN
SELECT TENANTS AT University Towne Centre
- Best Buy
- Dick's
- Giant Eagle
- Target
- TJ Maxx
PROPERTY FACTS FOR 4001-5001 University Town Center Dr , Morgantown, WV 26501
| Min. Divisible | 1,000 SF | Gross Leasable Area | 973,304 SF |
| Center Type | Power Center | Total Land Area | 93.17 AC |
| Parking | 2,500 Spaces | Year Built | 2005 |
| Center Properties | 17 | Cross Streets | Exit 155 off I-79 |
| Frontage | 5,597’ on University Town Centre Dr |
| Min. Divisible | 1,000 SF |
| Center Type | Power Center |
| Parking | 2,500 Spaces |
| Center Properties | 17 |
| Frontage | 5,597’ on University Town Centre Dr |
| Gross Leasable Area | 973,304 SF |
| Total Land Area | 93.17 AC |
| Year Built | 2005 |
| Cross Streets | Exit 155 off I-79 |
About the Property
Located in the heart of Morgantown, WV this property includes over 400,000 SF of retail including core national brands such as Target, Barnes & Noble, Bed Bath & Beyond, Dick's Sporting Goods, Giant Eagle, Old Navy, PetCo, Shoe Show, TJ Maxx, AC More, Ulta, and Hollywood Theatres. Located immediately off I-79 in Monongalia County. Less than 5 minute drive to West Virginia University Campus.
- Pylon Sign
- Monument Signage
Nearby Major Retailers
-
Mike Nidiffer -
Interstate Realty Advisors
Presented by
University Towne Centre | 4001-5001 University Town Center Dr
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