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225 Ivey Lane, Pinehurst, NC 28374 150-350 Ivey Ln 1,200 SF of 4-Star Retail Space Available in Pinehurst, NC 28374
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200 SF | Mar 2030 | $24.48 /SF/YR $2.04 /SF/MO $29,376 /YR $2,448 /MO | Triple Net (NNN) |
1st Floor
Turnkey space! 1,200 sf available space for sublease has an open floor plan that includes a restroom, 120/208, 3-phase 4-wire electrical service, rooftop HVAC, rear double doors. Interior improvements were completed in 2023. offering an efficient and open retail showroom. Perfect space for a variety of traditional retail and service uses. Some restricted/prohibited uses are vape shops, smoke shops, and restaurants. Please email or call us to verify if your business is an allowed use at this Property.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Excellent frontage in a busy strip mall
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 | 1,200 SF | Total Land Area | 17.27 AC |
| Property Type | Retail | Year Built | 2016 |
| Property Subtype | Supermarket | Parking Ratio | 4.47/1,000 SF |
| Gross Leasable Area | 86,020 SF |
| Total Space Available | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Supermarket |
| Gross Leasable Area | 86,020 SF |
| Total Land Area | 17.27 AC |
| Year Built | 2016 |
| Parking Ratio | 4.47/1,000 SF |
ABOUT THE PROPERTY
PineCroft is a 100,400 sf neighborhood retail center located at the heavily travelled intersection of NC Highway 211 and Main Street in Pinehurst, North Carolina. The Center showcases a 78,200 sf Harris Teeter which is nearly double the size of the grocer’s typical footprint. This Harris Teeter opened to record crowds in January 2016. • Co-tenants include Harris Teeter, McDonald’s, Walgreens, First Health, Kung Fu, Domino’s, Schneider Stone, Audible, Fantastic Sam’s, Lee Nails, Anytime Fitness, Jersey Mike’s, and Starbucks. * Prohibited Uses include, but not limited to, smoke shops, vape shops and restaurants. Please contact us for more details. • Property is zoned CM. • Turnkey opportunity. Space is currently being utilized as a retail showroom, may be utilized as any other retail shop that compliments the co-tenants at Pinecroft Shopping Center. Space has an open floor plan that includes a restroom, 120/208, 3-phase 4-wire electrical service, rooftop HVAC, rear double doors (6080). • Excellent traffic on Yadkin Road / NC Highway 211, approximately 22,000 vehicles per day with Main Street carrying close to 9,000 vehicles per day. • Sublease term through March 31, 2030.
NEARBY MAJOR RETAILERS
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225 Ivey Lane, Pinehurst, NC 28374 | 150-350 Ivey Ln
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