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Close To Courthouse.Novi Apartments & More 37 Market St SW 1,450 SF of Retail Space Available in Concord, NC 28025
Highlights
- Growing traffic from the Novi apartments
- Building In Process Of Being Updated
- New dedicated HVAC and restroom
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,450 SF | 5 Years | $23.00 /SF/YR $1.92 /SF/MO $33,350 /YR $2,779 /MO | Triple Net (NNN) |
1st Floor
*Lower Level of 42 Union Street, which is a ground-level entrance off of Market Street (1,450± sq. ft.): Currently undergoing renovation, this space will receive new HVAC, a second bathroom, and other updates. A new entrance will be incorporated into the tenant's outdoor covered patio area. With the building's exterior also undergoing renovation, this Market Street-facing space will capture growing traffic from the Novi apartments, parking decks, and other nearby destinations. An ideal tenant is an office, bookstore, pub, or retail space. *Owner will not consider vape/tobacco shops, coffee shops, or hair salons.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Open Floor Plan Layout
- Historic Charm
- Part of the Social District
- Covered patio area will draw interest
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 | 1,450 SF | Year Built/Renovated | 1900/2026 |
| Property Type | Retail | Parking Ratio | 0.19/1,000 SF |
| Property Subtype | Storefront Retail/Office | Construction Status | Under Renovation |
| Gross Leasable Area | 10,440 SF |
| Total Space Available | 1,450 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 10,440 SF |
| Year Built/Renovated | 1900/2026 |
| Parking Ratio | 0.19/1,000 SF |
| Construction Status | Under Renovation |
About the Property
With the exterior of the building also undergoing renovation, this Market Street-facing space will capture the growing traffic from the Novi apartments, parking decks, and other nearby destinations.
- 24 Hour Access
- Conferencing Facility
- Property Manager on Site
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Nearby Major Retailers
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Close To Courthouse.Novi Apartments & More | 37 Market St SW
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