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Marketplace Plaza 5834 Monroe St 33,600 SF of Retail Space Available in Sylvania, OH 43560
HIGHLIGHTS
- Ample Parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 5890 | 33,600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
5834 Monroe St - 1st Floor - Ste 5890
33,600 square foot and +/- 2.25 acres of redevelopment opportunity for this previous Rite Aid retail space, both for lease or for sale. High traffic area at the major intersection of Monroe Street & Alexis Road in Sylvania, Ohio with two signalized entrances, ample parking, two pylon signs, and recent electrical upgrades; Including 600 AMP 480/277 Volt 3 Phase Panel, and a 400 AMP 120/208 Volt 3 Phase Panel.
- Space In Need of Renovation
- Over 22,000 Cars per Day on Alexis Road
- 0.25 Miles from US 23
- Cross Access Parking and Access Easements
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 | 33,600 SF | Frontage | 302’ on Monroe St |
| Center Type | Neighborhood Center | Gross Leasable Area | 105,270 SF |
| Parking | 562 Spaces | Total Land Area | 11.06 AC |
| Stores | 3 | Year Built | 1961 |
| Center Properties | 3 |
| Total Space Available | 33,600 SF |
| Center Type | Neighborhood Center |
| Parking | 562 Spaces |
| Stores | 3 |
| Center Properties | 3 |
| Frontage | 302’ on Monroe St |
| Gross Leasable Area | 105,270 SF |
| Total Land Area | 11.06 AC |
| Year Built | 1961 |
ABOUT THE PROPERTY
- Major Intersection of Monroe Street & Alexis Road in Sylvania, Ohio - Over 22,000 Cars per Day on Alexis Road - Two Signalized Entrances - Ample Parking - Two Pylon Signs - Redevelopment Acreage: +/-2.25 Acres - New to Market; 30+ Years with the Same Ownership - Electrical Upgrades; Including 600 AMP 480/277 Volt 3 Phase Panel, and a 400 AMP 120/208 Volt 3 Phase Panel - 0.25 Miles from US 23 - Cross Access Parking and Access Easements
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Marketplace Plaza | 5834 Monroe St
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