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449 Cottonwood Drive 449 Cottonwood Dr
1,600 - 3,600 SF of Retail Space Available in Seymour, IN 47274
Highlights
- Located near signalized intersection just off I-65
- 1800 SF Leased to co-tenant Penn Station
- 3600 SF space in shell condition with drive thru
Space Availability (1)
Display Rent as
- Space
- Size
- Ceiling
- Term
- Rent
- Service Type
| Space | Size | Ceiling | Term | Rent | Service Type | |
| 1st Floor, Ste B | 1,600-3,600 SF | 10 ft | 10 Years | £23.47 /SF/PA £1.96 /SF/MO £252.67 /m²/PA £21.06 /m²/MO £84,505 /PA £7,042 /MO | Triple Net |
1st Floor, Ste B
This project is located just off I-65 in Seymour’s premier hotel district located at the first signalized intersection driving into Seymour.. The building is comprised of 5,400 SF, 1,800 SF is leased to Penn Station restaurant operator. There is 3,600 SF that has been plumbed for a restaurant and includes a drive-thru as noted in the diagram following this page. The developer is willing to lease the space in current condition or build-to-suit the space. The developer is also willing to sell this project in current condition for $1,650,000. Lease terms for the Penn Station lease to only be disclosed upon the receipt of a confidentiality agreement. This is a great location situated at the primary gateway for Seymour, Indiana.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Finished Ceilings: 10 ft
- Drive Thru
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 449 Cottonwood Dr , Seymour, IN 47274
| Min. Divisible | 1,600 SF | Gross Internal Area | 5,400 SF |
| Property Type | Retail | Year Built | 2023 |
| Property Subtype | Retail |
| Min. Divisible | 1,600 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Internal Area | 5,400 SF |
| Year Built | 2023 |
About the Property
449 Cottonwood Drive has many advantages including strong local ownership in Southern Indiana. The developer is open to provide space offerings with maximum flexibility and multiple options. The lease offering rates are based upon the amount of tenant build-out required. The main entrance into the parking area faces south towards U.S. Highway 50 making traveling to center an easy right hand turn off U.S. Highway 50 (Tipton Street). This location makes this the very first destination retail center off I-65 towards greater Seymour. The Landlord owns other properties through South Central Indiana with their home base in Seymour attentive to Tenant needs when they arise. Unless otherwise negotiated, the Landlord provides all spaces in Vanilla box condition including HVAC, ceiling tiles, lighting and basic wall paint, with one restroom and 200 AMP electrical service. The tenant is responsible for floor coverings, and signage is permitted on the building. This space can be demised to 2,000 SF end cap with drive thru and 1600 SF inline space. Rental Rates from $30-$40 PSF depending on buildout.
Nearby Major Retailers
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449 Cottonwood Drive | 449 Cottonwood Dr
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