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178 SW 5th St 3,000 - 19,716 SF of Retail Space Available in Madras, OR 97741
HIGHLIGHTS
- Great visibility with frontage on 5th Street/Highway 97 N
- Ample parking with large rear parking lot
- Can be demised
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 3,000-9,858 SF | 2-20 Years | $3.00 /SF/YR $0.25 /SF/MO $29,574 /YR $2,465 /MO | Triple Net (NNN) | ||
| 1st Floor | 3,000-9,858 SF | 2-20 Years | $6.60 /SF/YR $0.55 /SF/MO $65,063 /YR $5,422 /MO | Triple Net (NNN) |
Basement
Large open basement space with concrete and carpet floors. This space is excellent to use as storage when combined with the first floor retail.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 19,716 SF of adjacent space
- Large parking lot, and street parking
- Large basement ideal for storage
1st Floor
Ground floor retail along busy 5th Street/Highway 97 N. First floor can be demised and leased with or without the corresponding basement space. The total building SF available between the first floor and basement is 19,716 SF.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 19,716 SF of adjacent space
- Ample parking with large rear parking lot
- Great visibility
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 | 19,716 SF | Property Subtype | Storefront Retail/Office |
| Min. Divisible | 3,000 SF | Gross Leasable Area | 19,716 SF |
| Property Type | Retail | Year Built | 1960 |
| Total Space Available | 19,716 SF |
| Min. Divisible | 3,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 19,716 SF |
| Year Built | 1960 |
ABOUT THE PROPERTY
One of the largest retail buildings in Madras with great visibility on 5th Street/Highway 97 N. There is a large parking lot in back providing ample spaces for a new business.
- Freeway Visibility
- Storage Space
NEARBY MAJOR RETAILERS
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178 SW 5th St
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