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Market Square 1501-1551 Hawthorne Ave NE 1,325 - 3,402 SF of Retail Space Available in Salem, OR 97301
HIGHLIGHTS
- Heavy Traffic Off I-5
- Last space available
- Great Exposure
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1551 | 2,077 SF | 3-5 Years | $15.00 /SF/YR $1.25 /SF/MO $31,155 /YR $2,596 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1677 | 1,325 SF | 5-10 Years | $20.00 /SF/YR $1.67 /SF/MO $26,500 /YR $2,208 /MO | Triple Net (NNN) |
1501-1555 Hawthorne Ave NE - 1st Floor - Ste 1551
Large Retail showroom with large window frontage and ample back storage space with private restroom. Back has an additional sink and cabinets that would work well for a break area.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Fully Carpeted
- Drop Ceilings
1633-1677 Hawthorne Ave NE - 1st Floor - Ste 1677
Introducing 1677 Hawthorne Ave NE, a prime commercial property located in Salem, OR, now available for lease. This spacious and modern property offers a versatile floor plan, perfect for retail, office, or other commercial uses. With ample parking, high visibility, and excellent signage opportunities, this property is an ideal location for businesses seeking to attract customers and clients. The interior features large windows, allowing for abundant natural light, and a flexible layout to accommodate various business needs. Don't miss the opportunity to elevate your business at this sought-after location. Space has private restroom, Washer and Dryer hookups in large utility room, large front counter and multiple private treatment rooms. Great exposure at the corner of Market and Hawthorne and I-5.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail 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.
SELECT TENANTS AT MARKET SQUARE
- Pietro's Pizza
- Subway
- Tan Republic
PROPERTY FACTS
| Total Space Available | 3,402 SF | Gross Leasable Area | 108,883 SF |
| Center Type | Neighborhood Center | Total Land Area | 5.75 AC |
| Parking | 500 Spaces | Year Built | 1960 |
| Center Properties | 2 |
| Total Space Available | 3,402 SF |
| Center Type | Neighborhood Center |
| Parking | 500 Spaces |
| Center Properties | 2 |
| Gross Leasable Area | 108,883 SF |
| Total Land Area | 5.75 AC |
| Year Built | 1960 |
ABOUT THE PROPERTY
Market Square is a 79,514 SF center in a premium location in Oregon's capitol city. The property has excellent visibility, with traffic counts along the freeway in excess of 90,000 cars per day. Join co-tenants Pietro's Pizza, Subway, Tan Republic, One Main Financial and more! Located at the Market Street interchange of I-5. Tenant to be responsible for verifying occupancy with City of Salem.
- 24 Hour Access
- Bus Line
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Market Square | 1501-1551 Hawthorne Ave NE
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