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Terrace Shopping Center 264 High St 3,000 - 4,000 SF of Retail Space Available in Clinton, MA 01510
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,000-4,000 SF | 3-5 Years | $9.00 /SF/YR $0.75 /SF/MO $36,000 /YR $3,000 /MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Fully 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.
PROPERTY FACTS
| Total Space Available | 4,000 SF | Total Land Area | 1.13 AC |
| Min. Divisible | 3,000 SF | Year Built/Renovated | 1967/1982 |
| Property Type | Retail | Parking Ratio | 4.09/1,000 SF |
| Property Subtype | Freestanding | Cross Streets | High & Water St. |
| Gross Leasable Area | 34,714 SF |
| Total Space Available | 4,000 SF |
| Min. Divisible | 3,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 34,714 SF |
| Total Land Area | 1.13 AC |
| Year Built/Renovated | 1967/1982 |
| Parking Ratio | 4.09/1,000 SF |
| Cross Streets | High & Water St. |
ABOUT THE PROPERTY
Located at the intersection of High and Water Streets, this retail property—known as Terrace Shopping Center—offers up to 4,000 square feet of fully built-out retail space available for lease. The freestanding building spans a gross leasable area of 34,714 square feet on a 1.13-acre lot, originally built in 1967 and renovated in 1982. The site features a parking ratio of 4.09 spaces per 1,000 square feet, prominent pylon signage, and a Walk Score of 84, indicating a highly walkable location. The available space is offered at $9.00 per square foot per year on a modified gross lease, with lease terms ranging from 3 to 5 years. Its proximity to major retailers and visibility from key cross streets makes it an attractive option for retail tenants.
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
Presented by
Patrick Real Estate LLC
Terrace Shopping Center | 264 High St
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