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539 Smith St 1,422 SF of Retail Space Available in Providence, RI 02908
HIGHLIGHTS
- Anchored by Aldi, Advanced Auto Parts and Family Dollar
- Only vacant space within shopping center
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,422 SF | 1-5 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable |
539 Smith St - 1st Floor
Located in a high-traffic shopping center anchored by Aldi Food Market, Advance Auto Parts, Family Dollar, Little Caesars, and Popeyes, this 1,422 SF end cap unit offers an outstanding opportunity for a restaurant operator.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- 1,422 SF end cap space with kitchen hood.
- Unit was recently upgraded into a restaurant 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 | 1,422 SF | Frontage | |
| Center Type | Neighborhood Center | Gross Leasable Area | 38,430 SF |
| Parking | 152 Spaces | Total Land Area | 3.66 AC |
| Stores | 8 | Year Built | 1975 |
| Center Properties | 3 |
| Total Space Available | 1,422 SF |
| Center Type | Neighborhood Center |
| Parking | 152 Spaces |
| Stores | 8 |
| Center Properties | 3 |
| Frontage | |
| Gross Leasable Area | 38,430 SF |
| Total Land Area | 3.66 AC |
| Year Built | 1975 |
ABOUT THE PROPERTY
Shopping center anchored by Aldi Food Market with an 1855 sq ft end cap unit available for lease. In addition to Aldi, this busy center has Advanced Auto Parts, Family Dollar, Little Caesars and Popeyes.
- Pylon Sign
NEARBY MAJOR RETAILERS
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539 Smith St
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