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New Castle Plaza 427-525 S Memorial Dr
1,000 - 14,000 SF of Retail Space Available in New Castle, IN 47362
Highlights
- Heavy daytime foot traffic.
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 433 | 7,500 SF | 1-10 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Modified Gross | ||
| 1st Floor, Ste 455 | 3,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 511 | 2,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 525 | 1,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
427-525 S Memorial Dr - 1st Floor - Ste 433
Inline, retail.
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
427-525 S Memorial Dr - 1st Floor - Ste 455
Former shoe store. Inline. Call owner for rental rate.
- Located in-line with other retail
- Space is in Excellent Condition
427-525 S Memorial Dr - 1st Floor - Ste 511
Inline retail. Former women's spa. Call owner for rental rate.
- Located in-line with other retail
- Space is in Excellent Condition
427-525 S Memorial Dr - 1st Floor - Ste 525
Former hair salon. Inline. Call owner for rental rate.
- Located in-line with other retail
- Space is in Excellent Condition
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.
SELECT TENANTS AT New Castle Plaza
- Ace Hardware
- Autozone
- Goodys
- Hibbett Sports
- Maurices
PROPERTY FACTS FOR 427-525 S Memorial Dr , New Castle, IN 47362
| Center Type | Neighborhood Center | Frontage | 819’ on S Memorial Dr |
| Parking | 532 Spaces | Gross Leasable Area | 105,642 SF |
| Stores | 13 | Total Land Area | 12.25 AC |
| Center Properties | 2 | Year Built | 1965 |
| Center Type | Neighborhood Center |
| Parking | 532 Spaces |
| Stores | 13 |
| Center Properties | 2 |
| Frontage | 819’ on S Memorial Dr |
| Gross Leasable Area | 105,642 SF |
| Total Land Area | 12.25 AC |
| Year Built | 1965 |
About the Property
Large shopping center with several national chains.
- Pylon Sign
Nearby Major Retailers
-
Power Broker Ryan Rodger -
United Properties Corp.
Presented by
New Castle Plaza | 427-525 S Memorial Dr
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