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Orem Plaza Center Street 40-64 W Center St 1,150 - 6,200 SF of Office/Retail Space Available in Orem, UT 84057
HIGHLIGHTS
- High Traffic Center Seeing 51,701 for Average Daytime Traffic Along State Street.
- Shopping Center Is Shadowed By The Largest Target In Orem.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,150-6,200 SF | 2-10 Years | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
40-64 W Center St - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Mostly Open Floor Plan Layout
- Space is in Excellent Condition
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 | 6,200 SF | Center Properties | 3 |
| Min. Divisible | 1,150 SF | Gross Leasable Area | 60,947 SF |
| Center Type | Neighborhood Center | Total Land Area | 13.82 AC |
| Parking | 150 Spaces | Year Built | 1982 |
| Total Space Available | 6,200 SF |
| Min. Divisible | 1,150 SF |
| Center Type | Neighborhood Center |
| Parking | 150 Spaces |
| Center Properties | 3 |
| Gross Leasable Area | 60,947 SF |
| Total Land Area | 13.82 AC |
| Year Built | 1982 |
ABOUT THE PROPERTY
Located at the intersection of Center Street and State Street in Orem, this site features an excellent mix of big box and national quick-service restaurant retailers. It is shadow-anchored by the largest Target in Orem and benefits from over 80,000 average daily trips at the hard corner intersection. Please do not disturb the tenant.
NEARBY MAJOR RETAILERS
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Orem Plaza Center Street | 40-64 W Center St
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