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5235 N. Summit Street 5235 N Summit St 1,500 - 14,023 SF of Retail Space Available in Toledo, OH 43611
HIGHLIGHTS
- Versatile layout for customizable retail or strip center space
- High-traffic visibility for maximum exposure
- Abundant parking for customers and employees
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste CARVE | 1,500-6,974 SF | 3-10 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste DOCK | 1,500-7,049 SF | 3-10 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor, Ste CARVE
Located at a signalized intersection in Point Place. Very well maintained property. Across from McDonalds and adjacent to Huntington National Bank. Building was originally used as a grocery store.Landlord will perform build-out. Tenant responsible for triple net expenses. The following are estimates (2015): CAM - $1.50 per square foot, taxes - $1.29 per square foot, Management fee - 3% of the gross rent.Tax information: $23,981.30 (2015)
- Partially Built-Out as Standard Retail Space
1st Floor, Ste DOCK
Located at a signalized intersection in Point Place. Very well maintained property. Across from McDonalds and adjacent to Huntington National Bank. Building was originally used as a grocery store.Landlord will perform build-out. Tenant responsible for triple net expenses. The following are estimates (2015): CAM - $1.50 per square foot, taxes - $1.29 per square foot, Management fee - 3% of the gross rent.Tax information: $23,981.30 (2015)
- Partially Built-Out as Standard 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 | 14,023 SF | Gross Leasable Area | 23,661 SF |
| Min. Divisible | 1,500 SF | Total Land Area | 1.78 AC |
| Property Type | Retail | Year Built/Renovated | 1950/2005 |
| Property Subtype | Storefront | Parking Ratio | 2.16/1,000 SF |
| Total Space Available | 14,023 SF |
| Min. Divisible | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 23,661 SF |
| Total Land Area | 1.78 AC |
| Year Built/Renovated | 1950/2005 |
| Parking Ratio | 2.16/1,000 SF |
ABOUT THE PROPERTY
Discover an exceptional lease opportunity at 5235 N. Summit St. This commercial property offers a versatile layout, flexible for various business needs. Abundant parking and high traffic visibility provide ideal conditions for retail or strip center tenants. Large storefront windows invite natural light, enhancing the interior space and creating an inviting atmosphere for customers. The contemporary design and well-maintained exterior present a professional image, while the spacious interior allows for customization to suit diverse retail or strip center requirements. With its strategic location and adaptable layout, 5235 N. Summit St. provides an outstanding opportunity for businesses to thrive and flourish in this dynamic commercial district.
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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5235 N. Summit Street | 5235 N Summit St
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