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The Esplanade 4525 Milwaukee Ave 22,500 SF of Retail Space Available in Lubbock, TX 79407
SUBLEASE HIGHLIGHTS
- Less than 1-mile from Marsha Sharp Freeway, Spur 327, West Loop 289
- 122' Bay Depth
- +16' Ceiling Height
- Large open concept floor plan
- Ancillary Heated Warehouse Space w/ dock-high loading
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, Ste 1300 | 22,500 SF | 16’ - 20’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste 1300
Located within The Esplanade, a Spanish Mission-style retail center designed to reflect Texas Tech architecture. The suite offers approximately 22,500 square feet of space with a 16-foot ceiling height and a bay depth of 122 feet. It features a large open-concept floor plan, a heated warehouse area with dock-high loading, a spacious break room with a stove, and two private offices.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- 1 Loading Dock
- Central Air and Heating
- Private Restrooms
- High Ceilings
- Drop Ceilings
- Exposed Ceiling
- Finished Ceilings: 16’ - 20’
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.
SELECT TENANTS AT THE ESPLANADE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Altitude Trampoline Park
- Fitness
- 89
- National
- Domino’s
- Pizza
- 9,075
- International
- Mulligan's
- Accommodation and Food Services
- 1
- -
- Ramsower's Furniture
- Retailer
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Altitude Trampoline Park | Fitness | 89 | National |
| Domino’s | Pizza | 9,075 | International |
| Mulligan's | Accommodation and Food Services | 1 | - |
| Ramsower's Furniture | Retailer | 1 | - |
PROPERTY FACTS
| Total Space Available | 22,500 SF | Gross Leasable Area | 103,560 SF |
| Property Type | Retail | Year Built | 2015 |
| Property Subtype | Restaurant | Parking Ratio | 3.08/1,000 SF |
| Total Space Available | 22,500 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 103,560 SF |
| Year Built | 2015 |
| Parking Ratio | 3.08/1,000 SF |
ABOUT THE PROPERTY
Adjacent to Canyon West Shopping Center – ±900,000 SF of Retail & Entertainment - (Target, Sam’s Club, DSW Designer Shoe Warehouse, Ulta Beauty, Main Event Entertainment, Burlington Coat Factory, 2nd & Charles) Co-Tenants Generate Strong Family Traffic: MaxxAir, TEGA Kids, Mulligan’s Golf Bar Located on 50th & Milwaukee with quick access to the Marsha Sharp Freeway and Loop 289. New 580,000 SF Frenship ISD High School with ±2,500 student capacity Over 1,400 New Class A Apartments in 1-Mile Radius Frontage along High Traffic Milwaukee Corridor with Traffic Counts +31,000 Vehicles per Day
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
Presented by
The Esplanade | 4525 Milwaukee Ave
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