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7th Street Shoppes 523 W 7th St
1,200 - 5,303 SF of Space Available in Auburn, IN 46706
Highlights
- New Construction
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,800 SF | Negotiable | $25.00 /SF/YR $2.08 /SF/MO $269.10 /m²/YR $22.42 /m²/MO $3,750 /MO $45,000 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 2 | 1,200-3,503 SF | Negotiable | $25.00 /SF/YR $2.08 /SF/MO $269.10 /m²/YR $22.42 /m²/MO $7,298 /MO $87,575 /YR | Triple Net (NNN) |
1st Floor
National Chain anchor tenant has leased the West suite. Divisible space from 5303 Sq.ft to 1,200 Sq.ft. Drive though end cap still available!
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Drive-through
- End Cap
- New construction
1st Floor, Ste 2
National chain anchor tenant has leased the West suite and a regional chain has leased the East end cap suite. Divisible space from 3503 Sq.ft to 1,200 Sq.ft.
- Lease rate does not include utilities, property expenses or building services
- New construction
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 523 W 7th St , Auburn, IN 46706
| Min. Divisible | 1,200 SF | Gross Leasable Area | 6,676 SF |
| Property Type | Retail | Year Built | 2024 |
| Property Subtype | Storefront Retail/Office | Construction Status | Under Construction |
| Min. Divisible | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 6,676 SF |
| Year Built | 2024 |
| Construction Status | Under Construction |
About the Property
New construction, office, retail, medical space. Currently 3503 Sq.ft available with a drive-through. The space and be divided into multiple smaller suites ranging from 1200 Sq.ft to the entire 3503 Sq.ft. National chain anchor tenant has leased the West suite end cap and a regional chain has leased the East end cap. Expenses for taxes and other expenses are estimates.
Nearby Major Retailers
-
Brad Untrauer -
Mark Forcum -
Miles Mattingly -
Envoy Real Estate
Presented by
7th Street Shoppes | 523 W 7th St
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