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Eastern Shore Village Center 100-350 Eastern Shore Shopping Ctr 2,200 - 30,130 SF of Retail Space Available in Fairhope, AL 36532
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 27,930 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $418,950 /YR $34,913 /MO | Triple Net (NNN) | ||
| 1st Floor | 2,200 SF | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $61,600 /YR $5,133 /MO | Triple Net (NNN) |
100-350 Eastern Shore Shopping Ctr - 1st Floor
Herrington Realty is pleased to present an exceptional leasing opportunity at the Eastern Shore Village Shopping Center, located at the busy intersection of Fairhope Ave and Highway 98 in Fairhope, Alabama. The property features a 27,930 sq ft interior anchor space available at $15 per square foot NNN, located across the street from Thomas Hospital—the premier medical facility in the area, and just 2 miles north of Fairhope High School. Enhancements to the center include a new construction Starbucks on an outparcel, adding to the area's appeal and foot traffic.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Main Intersection of Fairhope Ave and Highway 98
- New Construction Starbucks on Outparcel
- Located in Highly Sought-After Fairhope Market
420 Eastern Shore Shopping Ctr - 1st Floor
4550 square feet of restaurant space available in Fairhope, AL. Landlord is in the process of planning an exterior facelift to the space to modernize upgrade the facade. The interior space will be delivered as a vanilla shell. Across from a brand new Starbucks, this space can be subivided to fit a tenant's needs.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- retail/restaurant 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 broker 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
ABOUT THE PROPERTY
Herrington Realty is pleased to present an exceptional leasing opportunity at the Eastern Shore Village Shopping Center, located at the busy intersection of Fairhope Ave and Highway 98 in Fairhope, Alabama. The property features a 27,930 sq ft interior anchor space, located across the street from Thomas Hospital—the premier medical facility in the area, and just 2 miles north of Fairhope High School. Enhancements to the center include a new construction Starbucks on an outparcel, adding to the area's appeal and foot traffic. Additionally, we have a +-4,560 SF restaurant space available on the endcap, call for more information. This vibrant city is renowned for its high quality of life and dynamic local economy, frequently celebrated by Southern Living magazine as one of the top small towns in the South for its coastal charm, thriving arts community, and spirited community events. With a growing population and rising retail sales, Fairhope has become home to some of the most sought-after property in the entire state and offers a prime business environment for retailers looking to enter one of the fastest growing markets in the state of Alabama. *Listing agent and members of Herrington Realty have ownership in the property*
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Eastern Shore Village Center | 100-350 Eastern Shore Shopping Ctr
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