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406 Smaltz Way Strip Center 406 Smaltz Way 1,895 SF of Retail Space Available in Auburn, IN 46706
Highlights
- Brand new construction in 2022
- Clear interstate visibility
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 301 | 1,895 SF | Negotiable | $25.00 /SF/YR $2.08 /SF/MO $47,375 /YR $3,948 /MO | Triple Net (NNN) |
1st Floor, Ste 301
Drive-thru potential, brand new build in 2022
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Drive-thru potential
- I-69 visibility
- New build in 2022 in shell 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 | 1,895 SF | Year Built | 2022 |
| Property Type | Retail | Parking Ratio | 4.96/1,000 SF |
| Property Subtype | Storefront | Cross Streets | SR 8 & Smaltz Way |
| Gross Leasable Area | 7,050 SF |
| Total Space Available | 1,895 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 7,050 SF |
| Year Built | 2022 |
| Parking Ratio | 4.96/1,000 SF |
| Cross Streets | SR 8 & Smaltz Way |
About the Property
Brand new construction in 2022 Join Salsa Grille and Farmers & Merchants State Bank for this exciting opportunity 2 spaces available individually or combined for 4,370 SF Clear interstate visibility where over 34,000 vehicles travel past daily Major retail area within Home Depot Development next to the brand new Optimum Performance Therapy, Lutheran Family Practice, and Fort Wayne Ortho facilities!
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
Presented by
406 Smaltz Way Strip Center | 406 Smaltz Way
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