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85 Main St
1,400 SF of Retail Space Available in North Andover, MA 01845
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,400 SF | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $30,800 /YR $2,567 /MO | Triple Net (NNN) |
1st Floor
- 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
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 85 Main St , North Andover, MA 01845
| Property Type | Retail | Year Built | 1910 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 2.57/1,000 SF |
| Gross Leasable Area | 3,895 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 3,895 SF |
| Year Built | 1910 |
| Parking Ratio | 2.57/1,000 SF |
About the Property
COMMERCIAL UNIT: Prime Retail Space in the "Heart of North Andover". Central Heat and A/C. Surrounded by notable retail chains such as CVS, TD Bank, Santander Bank, Bank of America, Dunkin Donuts, Boston Chowda Company, Post Office including a retail shopping plaza with over 200 car parking lot. Additionally, new retail plaza in development now directly across the street from this space "Bradstreet on Main" see description in posted pictures. Space is currently used as a specialty furniture store and has also been used as a beauty solon in the past. This space also includes additional dedicated storage in the basement that is accessed through this retail unit. Location Description: High quality downtown location anchored by large well known chains such as Santander Bank, Bank of America , TD Bank, CVS, Dunkin Donuts, etc. Additionally, property is located in a high visible location in the center of town on a well traveled downtown road. More than sufficient parking on main street in addition to a 200 car parking lot at the shopping plaza located adjacent to this property. Great downtown location with convenient access to Rt. 495, 133, 125, 114. Abundant foot traffic in prime retail location anchored by major tenants that draw a steady clientele and customer base.
- Storage Space
Nearby Major Retailers
Presented by
Mike Vecchio
85 Main St
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