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21823 Highway 62 2,100 SF of Retail Space Available in Shady Cove, OR 97539
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,100 SF | Negotiable | $12.00 /SF/YR $1.00 /SF/MO $25,200 /YR $2,100 /MO | Triple Net (NNN) |
1st Floor
Merit Commercial Real Estate is pleased to exclusively present for lease 21823 Highway 62, a highly-visible retail space, immediately available in beautiful Shady Cove, Oregon (the "Space"). Sited on a hard corner site at the 'main and main' intersection of Shady Cove, the Space enjoys great visibility at the confluence of the busiest roads in the region. The Space sits right on the main gateway to major tourist attractions including Crater Lake, the Rogue River, numerous lakes, and abundant outdoor recreation. As a strong possible use of the Space, Shady Cove notably lacks a taphouse or 'beer garden' space; users experienced in that industry are strongly encouraged to present proposals for the landlord's consideration. The Space has the winning combination of great visibility, signage, and local prominence. With direct line of sight to over 12,215 VPD, the Space sits at the center of Shady Cove. Signage space is abundant, with the existing canopy, facade space, and grandfathered lighted pylon sign facing the highway. The Space is generally well-known in the area, and one of only a small handful of hard corner retail spaces in the region. The highly flexible Space has housed a mix of users in the past, and is now positioned well with solid infrastructure and open spaces. Past users have included a sandwich / food service space, market, gas station, and more. Prospective users should note that all gas station equipment (tanks, pumps, etc) have been removed. Other uses will be considered; LL reserves the right to approve of user. The opportunity at 21823 Highway 62 is clear for a wide variety of tenants. Prospective users are encouraged to submit all proposals. Contact brokers to arrange a tour and get more information. - Possible Beer Garden - Taphouse user encouraged - Blank slate - open to proposals!
- Lease rate does not include utilities, property expenses or building services
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 21823 HIGHWAY 62, SHADY COVE, OR 97539
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Shady Cove Automotive Service
- Auto Maintenance/Oil Change
- 1
- -
- Subway
- Sub Sandwich
- 28,950
- International
- Valero
- Gasoline Station
- 8,279
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Shady Cove Automotive Service | Auto Maintenance/Oil Change | 1 | - |
| Subway | Sub Sandwich | 28,950 | International |
| Valero | Gasoline Station | 8,279 | International |
PROPERTY FACTS
| Total Space Available | 2,100 SF | Gross Leasable Area | 3,900 SF |
| Property Type | Retail | Year Built | 1967 |
| Property Subtype | Storefront |
| Total Space Available | 2,100 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 3,900 SF |
| Year Built | 1967 |
FEATURES AND AMENITIES
- Corner Lot
Presented by
21823 Highway 62
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