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University Gateway 947 S Mill Ave
2,130 - 9,201 SF of 5-Star Retail Space Available in Tempe, AZ 85281
Highlights
- Mill Avenue Exposure with over 25,000 vehicles per day
- Located steps from Tempe Street Car stop.
- Tap into higher-end underserved demographics
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101 | 3,659 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 104 | 2,130 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 109 | 3,412 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor, Ste 101
On-campus Ground Floor Retail/Restaurant Space in 5-story 130,000 sf Class A Office and Academic building
- Highly Desirable End Cap Space
1st Floor, Ste 104
- Located in-line with other retail
1st Floor, Ste 109
- Highly Desirable End Cap Space
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 947 S Mill Ave , Tempe, AZ 85281
| Property Type | Retail | Year Built | 2024 |
| Gross Leasable Area | 130,000 SF | Construction Status | Under Construction |
| Property Type | Retail |
| Gross Leasable Area | 130,000 SF |
| Year Built | 2024 |
| Construction Status | Under Construction |
About the Property
Exclusive Opportunity to Lease Restaurant/Retail property on ASU campus with Mill Avenue Frontage. Join ASU’s Herberger Institute for Design and the Arts academic programs including photography, animation, music, e-sports, architecture and arts, media and engineering with an approximate 500 students per day. Exclusive live video feed to view construction progress: https://urldefense.com/v3/__https://app.oxblue.com/open/McCarthy/MillAveParkingStructure?camera=6cd0f85c70d799e4f0c561645220f0c2__;!!IKRxdwAv5BmarQ!eP2H_dN9gv0haWVC5QC8omjuzLaGuZN7y3PnyNXakD1FkBXwqcRecajjs0syq6sg82mz5PxBcqhXycoCtWHL-CPbczs$
Nearby Major Retailers
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University Gateway | 947 S Mill Ave
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