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Gateway Shopping Center 570 Shelburne Rd
2,000 SF of Retail Space Available in South Burlington, VT 05403
Highlights
- Over 590 parking spaces available provide ample parking for the varied mix of tenants.
- Over 80,769 households within a 5 mile radius with average income of over $100,000.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000 SF | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $376.74 /m²/YR $31.39 /m²/MO $5,833 /MO $70,000 /YR | Triple Net (NNN) |
570 Shelburne Rd - 1st Floor
Newly available in line retail space 2,000 SF +/- spaces . Great exposure and store frontage, and the potential for a tenant to occupy for Summer 2023 shopping season.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Private Restrooms
- Fully Carpeted
- High Volume of Daily Shoppers
- Over 33,000 households within a 5 mile radius
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 570 Shelburne Rd , South Burlington, VT 05403
| Center Type | Neighborhood Center | Gross Leasable Area | 101,235 SF |
| Parking | 1,076 Spaces | Total Land Area | 10.29 AC |
| Stores | 12 | Year Built | 2003 |
| Center Properties | 2 |
| Center Type | Neighborhood Center |
| Parking | 1,076 Spaces |
| Stores | 12 |
| Center Properties | 2 |
| Gross Leasable Area | 101,235 SF |
| Total Land Area | 10.29 AC |
| Year Built | 2003 |
About the Property
Gateway Shopping Center is located in a strategic section of US Route 7 at the intersection with Interstate 189 in what is one of South Burlington and Chittenden County’s busiest commercial corridors. The property experiences some of the highest daily traffic counts in the State of Vermont with Lowe’s, TJ Maxx, HomeGoods, Sierra Nevada, grocery, banks, auto, and several other service providers within close proximity. Opportunity to combine two 1,400 SF spaces. Great exposure and store frontage, dedicated entrance, and the potential for a tenant to occupy for Fall 2022 shopping season.
Nearby Major Retailers
-
Steve Donahue -
Meg McGovern -
Donahue & Associates
Presented by
Gateway Shopping Center | 570 Shelburne Rd
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