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350 Hickory St NW 14,630 sq ft of Retail Space Available in Albany, OR 97321
HIGHLIGHTS
- **Free Base Rent Through December 2025**
- Available For Lease, Sale or Lease with an Option to Purchase
- North Albany location next to Samaritan hospital medical clinics
- Free standing retail building with Hwy 20 frontage
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- TERM
- RATE
- TYPE
| Space | Size | Term | Rate | Type | ||
| 1st Floor | 14,630 sq ft | Negotiable | £6.73 /sq ft pa £0.56 /sq ft pcm £98,493 pa £8,208 pcm | Triple Net |
1st Floor
- 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 (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.
PROPERTY FACTS
| Total Space Available | 14,630 sq ft | Net Internal Area (NIA) | 14,630 sq ft |
| Property Type | Retail | Year Built | 1958 |
| Property Subtype | Garden Centre | Parking Allocation | 3.08/1,000 sq ft |
| Total Space Available | 14,630 sq ft |
| Property Type | Retail |
| Property Subtype | Garden Centre |
| Net Internal Area (NIA) | 14,630 sq ft |
| Year Built | 1958 |
| Parking Allocation | 3.08/1,000 sq ft |
ABOUT THE PROPERTY
**Free Base Rent Through December of 2025** ~15,000 sf free standing retail building with Hwy 20 frontage. North Albany location next to Samaritan Hospital medical clinics. Property is being partitioned and expected to be ~1.75 acres. Adjoining lot with Hickory frontage can also be made available. Zoning allows for commercial, medical and housing. Property is available For Sale, Lease or Lease with an Option to Purchase.
NEARBY MAJOR RETAILERS
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350 Hickory St NW
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