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Shops on The Green 40 W Park Pl
2,640 - 16,767 SF of Retail Space Available in Morristown, NJ 07960
Highlights
- Class A visible retail space
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| Lower Level | 14,127 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application | Triple Net | ||
| Lower Level, Ste 2 | 2,640 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application | TBD |
Lower Level
Positioned in the heart of Morristown, the Shops at 40 Park is comprised of 50,000 SF of Class A retail space located directly on the "Morristown Green". Surrounded by bustling pedestrian traffic, high-end retailers, restaurants and professional offices this retail space offers the very best of a premier suburban downtown market steeped in history with a mix of classic and contemporary surroundings. Take the opportunity to join retailers such as the well-known Harvest Restaurant Group with its Roots Steakhouse and Aricola eateries, Starbuck’s Coffee, Qdoba, 18 | 8 Fine Men's Salon and Massage Heights.
- Lease rate does not include utilities, property expenses or building services
Lower Level, Ste 2
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.
SELECT TENANTS AT Shops on The Green
- 18 8
- AT&T
- Massage Heights
- Qdoba Mexican Grill
- Roots Steakhouse
- Starbucks Coffee Company
PROPERTY FACTS FOR 40 W Park Pl , Morristown, NJ 07960
| Property Type | Retail | Year Built | 2010 |
| Gross Internal Area | 50,973 SF |
| Property Type | Retail |
| Gross Internal Area | 50,973 SF |
| Year Built | 2010 |
About the Property
Shops on The Green (40 Park Place) Shops on The Green contains an aggregate of 70,000 square feet of brand new class A, demand driven and highly visible retail space. space within award winning sister projects; “40 Park and The Metropolitan.” 40 Park comprises 76 luxury condominiums of one, two and three bedroom/den, including penthouse. Remaining for lease are approximately 2,640 sf and 14,805 sf of multi-purpose lower level commercial space, elevator accessible. The Metropolitan, is a fully leased 130 unit, seven story luxury rental community fronting Market Street with approximately 8,034 square feet of contiguous prime ground-level retail. Substantial parking has been provided for Shops on the Green combined development by a 795 space attached parking garage, as well as metered street parking. With retailers such as the well-known Harvest Restaurant Group with its Roots Steakhouse and Aricola eateries, Starbuck’s Coffee, Qdoba, Powerflow Yoga, The Salad House, 18 | 8 Fine Men's Salon and Massage Heights. Only limited retail opportunities remain within this prestigious address on Morristown's Green.
Nearby Major Retailers
Presented by
Shops on The Green | 40 W Park Pl
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