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Northgate Shopping Center 1111-1213 N Sherman Ave 1,998 - 14,007 SF of Retail Space Available in Madison, WI 53704
HIGHLIGHTS
- -Signage available -Prime location -Ample parking
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,998 SF | 3 Years | $13.00 /SF/YR $1.08 /SF/MO $25,974 /YR $2,165 /MO | Triple Net (NNN) | ||
| 1st Floor | 12,009 SF | Negotiable | $9.00 /SF/YR $0.75 /SF/MO $108,081 /YR $9,007 /MO | Triple Net (NNN) |
1111-1213 N Sherman Ave - 1st Floor
- Lease rate does not include utilities, property expenses or building services
1111-1213 N Sherman Ave - 1st Floor
great space for daycare or programming. Mix of large open space and offices.
- 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 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.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 14,007 SF | Gross Leasable Area | 95,242 SF |
| Center Type | Community Center | Total Land Area | 10.31 AC |
| Parking | 846 Spaces | Year Built | 1962 |
| Stores | 24 | Cross Streets | N. Sherman & Aberg Ave. |
| Center Properties | 3 |
| Total Space Available | 14,007 SF |
| Center Type | Community Center |
| Parking | 846 Spaces |
| Stores | 24 |
| Center Properties | 3 |
| Gross Leasable Area | 95,242 SF |
| Total Land Area | 10.31 AC |
| Year Built | 1962 |
| Cross Streets | N. Sherman & Aberg Ave. |
ABOUT THE PROPERTY
Northgate Shopping Center is a vibrant retail center located conveniently on Madison’s North side. The established retail suites are ideal for businesses looking to thrive in an exciting community. Join over 20 established businesses including Dough Boys’s Pizza, Naly’s Floral Shop, Anytime Fitness, H&R Block, and many more. The retail center is located strategically along N Sherman Ave and Aberg Ave providing high visibility; over 25,000 cars pass by daily. This prime location provides tenants with easy access to restaurants, coffee shops, and additional retail offerings. There are several stops on the Madison Metro Bus Route nearby, offering commuting options in addition to the property’s on-site surface lot.
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
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Northgate Shopping Center | 1111-1213 N Sherman Ave
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