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Cypress Center 1424-1490 Lancaster Dr NE 4,200 SF of Retail Space Available in Salem, OR 97301
HIGHLIGHTS
- Asking rate $21/SF/YR NNN
- Inline space available
- Great parking and visibility
- NNN’s estimated at $4.75/SF annually
- TI’s available for qualified tenants and lease terms
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1420 | 4,200 SF | Negotiable | $21.00 /SF/YR $1.75 /SF/MO $88,200 /YR $7,350 /MO | Triple Net (NNN) |
1410-1440 Lancaster Dr NE - 1st Floor - Ste 1420
NNN’s estimated at $4.75/SF annually TI’s available for qualified tenants and lease terms.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
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 | 4,200 SF | Frontage | 266’ on Lancaster Dr |
| Center Type | Strip Center | Gross Leasable Area | 26,940 SF |
| Parking | 220 Spaces | Total Land Area | 1.65 AC |
| Stores | 1 | Year Built | 1986 |
| Center Properties | 2 |
| Total Space Available | 4,200 SF |
| Center Type | Strip Center |
| Parking | 220 Spaces |
| Stores | 1 |
| Center Properties | 2 |
| Frontage | 266’ on Lancaster Dr |
| Gross Leasable Area | 26,940 SF |
| Total Land Area | 1.65 AC |
| Year Built | 1986 |
ABOUT THE PROPERTY
Completely remodeled retail center that is located across Lancaster Drive from Fred Meyer. This property is located in the most concentrated retail area in the Lancaster Drive corridor, less than ½ mile from Willamette Town Center.
- 24 Hour Access
NEARBY MAJOR RETAILERS
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Cypress Center | 1424-1490 Lancaster Dr NE
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