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Arlington Gateway 1325-1397 W Lane Ave 2,320 - 12,820 SF of Retail Space Available in Columbus, OH 43221
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Retail- 4 | 2,320 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste Retail/Rest- 1 | 3,600-10,500 SF | Negotiable | $45.00 /SF/YR $3.75 /SF/MO $472,500 /YR $39,375 /MO | Triple Net (NNN) |
1325-1397 W Lane Ave - 1st Floor - Ste Retail- 4
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Patio
1325-1397 W Lane Ave - 1st Floor - Ste Retail/Rest- 1
Asking $45 NNN with 3% annual increases for the hard corner Free parking in the attached garage. Retail 10,500 divisible SF $60/sf allowance above the cold dark shell as-is condition 2025 budget numbers for expenses CAM: 3.50/sf RE Tax 6.75/sf Ins:0.40/sf Tenant responsible for utilities which will be separately metered or sub-metered and Janitorial. On a commission the fee to the tenant side is 3% of the net rent for up to ten years
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- High End Trophy Space
- Patio
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
| Total Space Available | 12,820 SF | Center Properties | 3 |
| Min. Divisible | 2,320 SF | Frontage | |
| Center Type | Neighborhood Center | Total Land Area | 2.95 AC |
| Parking | 921 Spaces | Year Built | 2023 |
| Stores | 6 |
| Total Space Available | 12,820 SF |
| Min. Divisible | 2,320 SF |
| Center Type | Neighborhood Center |
| Parking | 921 Spaces |
| Stores | 6 |
| Center Properties | 3 |
| Frontage | |
| Total Land Area | 2.95 AC |
| Year Built | 2023 |
About the Property
Newmark is pleased to represent Continental Development Ventures in Columbus OH on their new mixed-use Project in Upper Arlington OH. The office and apartments are leased and we have European Wax, glo 30, Paris Baguette, a book store all signed/open. We have a 10,500-sf endcap with two patios designed which can be nice amenity for office/medical office Tenant. The daytime population is very strong due to its proximity to Ohio State University and the new Carmenton office and medical office district. We also have an 864 parking garage that is free parking, and we can designate spots for retail/restaurant on the main level. As discussed, we have the premium hard corner endcap at Lane Ave and NorthStar in the new Upper Arlington Gateway Development. The lease plan shows approx 10,500 sf with 2 patio areas. This is one of the best corners in upper Arlington and all of upper Arlington is looking forward to a first-class tenant for this dynamic corner. The high tech business and biotech park to the east is thriving with hundreds of high paying jobs with many more planned. This only adds the strength of the market by adding offices adjacent to the project. Arlington is underserved for high quality restaurants. Attached are recent articles about Carmentown District which is the 270 acre west campus innovation district that has four major buildings open in 2023 all with high paying jobs. - The Energy Advancement and Innovation Center, now rising closest to the corner of Lane and Kenny, is scheduled to open in fall of 2023. - OSU’s Interdisciplinary Research Facility, which sits immediately to the south, is on track to open in summer 2023. - The eight-story Wexner Medical Center Outpatient Care building, located closer to the intersection of Kenny and Carmack, will be complete by the end of 2023. - The first significant private investment in Carmenton recently opened at 1250 Arthur E. Adams Dr. – a 185,000 square foot gene therapy facility built by Andelyn Biosciences, an affiliate company of Nationwide Children’s Hospital. In the Arlington Gateway project the office portion is leased with tenants including Office First Merchants Northwestern Mutual Assured Partners GAD Insurance Mix Talent Keller Williams DiPerna.
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
