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UNIVERSITY SQUARE SHOPPING CENTER 500 Sagamore Pky W

3,357 SF of Retail Space Available in West Lafayette, IN 47906

Highlights

  • Convenient highly visible location along West Lafayette's primary retail corridor
  • Well maintained
  • Strong tenant mix and excellent demographics

Space Availability (1)

Display Rent as

  • Space
  • Size
  • Term
  • Rent
  • Service Type
  • 1st Floor, Ste 6N
  • 3,357 SF
  • Negotiable
  • £15.78 /SF/PA £1.31 /SF/MO £169.85 /m²/PA £14.15 /m²/MO £52,973 /PA £4,414 /MO
  • Triple Net
Space Use
Retail
Condition
Full Build-Out
Availability
Now

Full retail build out. The NNN estimate is $6.53/sf.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail Space
Space Size Term Rent Service Type
1st Floor, Ste 6N 3,357 SF Negotiable £15.78 /SF/PA £1.31 /SF/MO £169.85 /m²/PA £14.15 /m²/MO £52,973 /PA £4,414 /MO Triple Net

1st Floor, Ste 6N

Size
3,357 SF
Term
Negotiable
Rent
£15.78 /SF/PA £1.31 /SF/MO £169.85 /m²/PA £14.15 /m²/MO £52,973 /PA £4,414 /MO
Service Type
Triple Net
Space Use
Retail
Condition
Full Build-Out
Availability
Now

Full retail build out. The NNN estimate is $6.53/sf.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Retail 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 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 UNIVERSITY SQUARE SHOPPING CENTER

  • Tenant
  • Description
  • US Locations
  • Reach
  • Caliber Home Loans
  • Finance Company
  • 502
  • National
  • Fifth Third Bank
  • Bank
  • 2,045
  • National
  • Fleet Feet Sports
  • Shoe Repair
  • 559
  • National
  • Massage Envy
  • Massage
  • 1,507
  • International
  • Sunspot Natural Market
  • Supermarket
  • 1
  • -
  • Talbots
  • Ladies' Apparel
  • 728
  • International
Tenant Description US Locations Reach
Caliber Home Loans Finance Company 502 National
Fifth Third Bank Bank 2,045 National
Fleet Feet Sports Shoe Repair 559 National
Massage Envy Massage 1,507 International
Sunspot Natural Market Supermarket 1 -
Talbots Ladies' Apparel 728 International

PROPERTY FACTS FOR 500 Sagamore Pky W , West Lafayette, IN 47906

Property Type Retail
Property Subtype Storefront Retail/Office
Gross Internal Area 15,000 SF
Year Built 1990
Parking Ratio 10/1,000 SF

About the Property

The subject property is a well located grocery anchored neighborhood shopping center in the heart of West Lafayette’s main retail trade area. The property benefits from over 900 feet of frontage on Sagamore Parkway West where traffic counts exceed 30,000 vehicles per day. It offers visitors ample surface parking and easy access. Tenants benefit from excellent signage and tenant mix. Co-tenants include Fifth Third Bank, Fleet Feet Shoes, Talbots, Sunspot Grocers, Star Nails, Caliber Home Loans, Massage Envy, Chicos, and more. Aldi, Goodwill, Autozone, O’Reilly, Pizza Hut, and more are all located in the immediate vicinity. The Sagamore Parkway West corridor is predominately commercial in nature. Immediately north and south of the corridor the area transitions to established and desirable residential areas. Located less than 2 miles to Purdue University, the businesses in the area can easily serve the university and local population alike. West Lafayette has been, and continues to be, nationally recognized for affordable housing options, excellent career opportunities, and high quality of life.

Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Orangetheory Fitness
Pay Less Super Markets
Fresh Thyme Farmers Market
Charter One Bank
Regions Bank
Jpmorgan Chase & And Co
McAlister's Deli
ALDI
First Merchants Bank
  • Listing ID: 28346865

  • Date on Market: 04/03/2024

  • Last Updated:

  • Address: 500 Sagamore Pky W, West Lafayette, IN 47906

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