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Former CVS Pharmacy 4730 Us Route 5 13,225 SF of Retail Space Available in Newport, VT 05855
SUBLEASE HIGHLIGHTS
- The building is located a half-mile from the I-91/Exit 28.
- There is ample parking for 70 vehicles, 4 handicap and no step parking spaces at front entrance.
- The property is between McDonald's and Walmart on highly traveled Derby Rd/Route 5.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,225 SF | Negotiable | $9.00 /SF/YR $0.75 /SF/MO $119,025 /YR $9,919 /MO | Triple Net (NNN) |
1st Floor
Ideal location for your business!! This property is located just a half-mile from I-91/Exit 28, situated between McDonald's and Walmart, on highly traveled Derby Road (US-5) between Newport & Derby. Built in 2014, the 13,225 sq ft building offers a drive-thru window, propane hot air heating and air conditioning. There is ample level parking for 80 vehicles, 4 handicap, no-step parking spaces at front entrance. Accessible via US-5 and Commons Drive off Shattuck Hill Road.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
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 | 13,225 SF | Gross Leasable Area | 13,225 SF |
| Property Type | Retail | Year Built | 2014 |
| Property Subtype | Drug Store | Parking Ratio | 5.29/1,000 SF |
| Total Space Available | 13,225 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 13,225 SF |
| Year Built | 2014 |
| Parking Ratio | 5.29/1,000 SF |
ABOUT THE PROPERTY
Ideal location for your business!! This property is located just a half-mile from I-91/Exit 28, situated between McDonald's and Walmart, on highly-traveled Derby Road (US-5) between Newport & Derby. Built in 2014, the 13,225 sq ft building offers a drive-thru window, propane hot air heating and air conditioning. There is ample level parking for 80 vehicles with 4 handicap, no-step parking spaces at front entrance. Accessible via US-5 and Commons Drive off Shattuck Hill Road. The2019 traffic count at this intersection was 11,037 cars per day. Asking $9/sq ft, as a modified gross lease where the sublessor covers taxes and insurance. Seeking a long term tenant.
- Corner Lot
NEARBY MAJOR RETAILERS
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Former CVS Pharmacy | 4730 Us Route 5
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