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Totem Lake West 12400-12539 116th Ave NE
2,595 SF of Retail Space Available in Kirkland, WA 98034
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RENT
- SERVICE TYPE
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste Endcap | 2,595 SF | Negotiable | £31.74 /SF/PA £2.65 /SF/MO £82,370 /PA £6,864 /MO | Triple Net |
12515 116th Ave NE - 1st Floor - Ste Endcap
Available: Currently Quality Sleep Mattress - Available March 2023: 2,595 SF Endcap - $40.00 PSF | $10.28 PSF NNN by Thai Restaurant and neighboring QFC, Marriot Totem Lake West, McDonald's, Five Guys, Starbucks, and More! *Broker to verify commission with Listing Agent when submitting an offer.
- Lease rate does not include utilities, property expenses or building services
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 agent 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 12400-12539 116TH AVE NE , KIRKLAND, WA 98034
| Total Space Available | 2,595 SF | Gross Leasable Area | 82,728 SF |
| Centre Type | Neighborhood Center | Total Land Area | 7.98 AC |
| Parking | 353 Spaces | Year Built | 1983 |
| Centre Properties | 6 |
| Total Space Available | 2,595 SF |
| Centre Type | Neighborhood Center |
| Parking | 353 Spaces |
| Centre Properties | 6 |
| Gross Leasable Area | 82,728 SF |
| Total Land Area | 7.98 AC |
| Year Built | 1983 |
ABOUT THE PROPERTY
*Broker to verify commission with Listing Agent when submitting an offer.
- Dedicated Turn Lane
- Signage
- Signalised Intersection
NEARBY MAJOR RETAILERS
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Totem Lake West | 12400-12539 116th Ave NE
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