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Prime Retail Opportunity in Historic Downtown 421 NE 3rd St 2,500 SF of Retail Space Available in Mcminnville, OR 97128
HIGHLIGHTS
- 2,500 square foot, ground-level retail space
- Located on busy 3rd Street, benefitting from McMinnville's Mac Fresco summer soirée
- Situated on one of the busiest blocks in downtown historic McMinnville
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,500 SF | 10’ | 3-5 Years | $19.20 /SF/YR $1.60 /SF/MO $48,000 /YR $4,000 /MO | Modified Gross |
1st Floor
Discover an exceptional opportunity to establish your business in the vibrant heart of Historic Downtown McMinnville. This 2,500 square foot, ground-level retail space is perfectly situated on one of the busiest blocks, guaranteeing great foot traffic and excellent visibility. Join a thriving community of neighboring retailers and capitalize on this high-exposure location. The landlord covers property taxes and building insurance, while the tenant is responsible for business insurance, utilities, garbage, and internet. Don’t miss out on securing your spot in this highly sought-after downtown destination!
- Listed rate may not include certain utilities, building services and property expenses
- Finished Ceilings: 10’
- Located in historic downtown McMinnville
- 2,500 square foot
- Ground-level 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 | 2,500 SF | Gross Leasable Area | 2,500 SF |
| Property Type | Retail | Year Built | 1890 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 2,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 2,500 SF |
| Year Built | 1890 |
ABOUT THE PROPERTY
Great retail space in the heart of Historical Downtown McMinnville. This ground-level retail space is located on one of the busiest blocks downtown with great foot traffic and neighboring retailers. The property is prime retail space along busy Downtown McMinnville's Third Street. Shown by Appointment.
- Signage
NEARBY MAJOR RETAILERS
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Prime Retail Opportunity in Historic Downtown | 421 NE 3rd St
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