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12th Street Market 1555 12th St SE 2,400 sq ft of Retail Space Available in Salem, OR 97302
HIGHLIGHTS
- 2,400 SF available; Asking $2,700/MO NNN
- Monument and mansard signage available
- No cannabis or lottery
- NNN’s estimated at $4.15/SF
- Better than 5:1,000 onsite parking
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| 1st Floor, Ste 1555 | 2,400 sq ft | Negotiable | £9.99 /sq ft pa £0.83 /sq ft pcm £23,987 pa £1,999 pcm | Triple Net |
1555 12th St SE - 1st Floor - Ste 1555
NNN’s estimated at $4.15/SF. Grease trap and hood in place. Two ADA restrooms and rear delivery access.
- Lease rate does not include utilities, property expenses or building services
- Fully Fit-Out as a Restaurant or Café Space
- 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 (NNN) 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 rent 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 rent 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.
SELECT TENANTS AT 12TH STREET MARKET
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Fitts Seafoods
- Speciality Foods
- 1
- -
- Santiam Wine Co & Bistro
- Liquor
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Fitts Seafoods | Speciality Foods | 1 | - |
| Santiam Wine Co & Bistro | Liquor | 1 | Local |
PROPERTY FACTS
| Total Space Available | 2,400 sq ft | Frontage | 184 ft on 12th St |
| Centre Type | Retail Park | Net Internal Area | 12,095 sq ft |
| Parking | 63 Spaces | Total Land Area | 0.92 ac |
| Stores | 1 | Year Built | 1956 |
| Centre Properties | 1 |
| Total Space Available | 2,400 sq ft |
| Centre Type | Retail Park |
| Parking | 63 Spaces |
| Stores | 1 |
| Centre Properties | 1 |
| Frontage | 184 ft on 12th St |
| Net Internal Area | 12,095 sq ft |
| Total Land Area | 0.92 ac |
| Year Built | 1956 |
ABOUT THE PROPERTY
Turnkey restaurant space available in south Salem. Great small center with co-tenants Fitts Seafood, Whitlocks Sewing & Vacuum and Santiam Wine & Bistro.
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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12th Street Market | 1555 12th St SE
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