259-263 Sound Beach Ave 1,200 SF of Retail Space Available in Old Greenwich, CT 06870
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 | Negotiable | $71.00 /SF/YR | Modified Gross |
1st Floor
Key Details: Located in the heart of the Old Greenwich shopping district, this 1,200 sq. ft. corner retail unit has excellent visibility with 16’ of frontage on Sound Beach Avenue. The building has recently undergone a renovation featuring a new glass storefront and a modern aesthetic. Adjacent tenants include Kaia Yoga and Forme Barre. Lease Terms: • Address: 261 Sound Beach Avenue, Old Greenwich, CT • Size: 1,200 sq. ft. with additional basement area • Parking: Two dedicated parking spaces • Rent: $7,100 per month, modified gross • Escalations: 3% annual rent increases, plus above a base year on real estate taxes • Landlord Pays: Real estate taxes, building insurance, exterior building maintenance • Tenant Pays: Utilities, maintenance, repairs, replacement, tenant's insurance, rubbish removal • Term: Five to ten years • Availability: Immediate • Condition of Premises: The space is move-in read with a bathroom and new storefront windows and doors • Use: All types of uses will be considered. We are focused on tenants that bring value to the community • Commission: The tenant representative broker will be paid 2.5% for the first five years, 2% thereafter. Payout schedule to be discussed in term sheet.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Heart of the Old Greenwich shopping district
PROPERTY FACTS
| Total Space Available | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 3,502 SF |
| Year Built | 1930 |
ABOUT THE PROPERTY
Key Details: Located in the heart of the Old Greenwich shopping district, this 1,200 sq. ft. corner retail unit has excellent visibility with 16’ of frontage on Sound Beach Avenue. The building has recently undergone a renovation featuring a new glass storefront and a modern aesthetic. Adjacent tenants include Kaia Yoga and Forme Barre. Lease Terms: • Address: 261 Sound Beach Avenue, Old Greenwich, CT • Size: 1,200 sq. ft. with additional basement area • Parking: Two dedicated parking spaces • Rent: $7,400 per month, $88,800 per year, modified gross • Escalations: 3% annual rent increases, plus above a base year on real estate taxes • Landlord Pays: Real estate taxes, building insurance, exterior building maintenance • Tenant Pays: Utilities, maintenance, repairs, replacement, tenant's insurance, rubbish removal • Term: Five to ten years • Availability: Immediate • Condition of Premises: The space is move-in read with a bathroom and new storefront windows and doors • Use: All types of uses will be considered. We are focused on tenants that bring value to the community • Commission: The tenant representative broker will be paid 2.5% for the first five years, 2% thereafter. Payout schedule to be discussed in term sheet.
NEARBY MAJOR RETAILERS
