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University Plaza 621-671 N University Blvd 10,939 - 24,379 SF of Retail Space Available in Middletown, OH 45042
HIGHLIGHTS
- 13,440 SF (former Napa Auto); 10,939 SF former CVS adjacent to Needler's available
- Parking ratio 4/1,000 SF
- NNN expenses for 2023: $1.68/SF
- Dollar General and Needlers in place up to 40 years each
- At signalized intersection
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 621 | 13,440 SF | Negotiable | $7.25 /SF/YR $0.60 /SF/MO $97,440 /YR $8,120 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 661 | 10,939 SF | Negotiable | $7.00 /SF/YR $0.58 /SF/MO $76,573 /YR $6,381 /MO | Triple Net (NNN) |
621-675 N University Blvd - 1st Floor - Ste 621
Retail floor: 6,552 SF w/glass storefront, partitioned offices in retail area. Warehouse/multi purpose area: 6,888 SF. (2) restrooms,, 10' OH delivery door in rear.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Central Air and Heating
- Partitioned Offices
- High Ceilings
- Exposed Ceiling
- Display Window
- adjacent to Dollar General, in-line with Needler's
621-675 N University Blvd - 1st Floor - Ste 661
sprinklered with wet system.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Central Air and Heating
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 UNIVERSITY PLAZA
- Dollar General
- Needlers Grocery
PROPERTY FACTS
| Total Space Available | 24,379 SF | Frontage | 765’ on University Blvd |
| Center Type | Neighborhood Center | Gross Leasable Area | 112,450 SF |
| Parking | 461 Spaces | Total Land Area | 7.14 AC |
| Stores | 5 | Year Built | 1965 |
| Center Properties | 2 |
| Total Space Available | 24,379 SF |
| Center Type | Neighborhood Center |
| Parking | 461 Spaces |
| Stores | 5 |
| Center Properties | 2 |
| Frontage | 765’ on University Blvd |
| Gross Leasable Area | 112,450 SF |
| Total Land Area | 7.14 AC |
| Year Built | 1965 |
ABOUT THE PROPERTY
76,657 SF grocery anchored center on major thoroughfare. Three curb cuts, 37,000 VPD at intersection of University and Nelbar. Long-term tenants: Needlers Grocery, Dollar General, Owned land adjacent to dental practice end-cap available for new construction/BTS, or perhaps sale. Predominantly residential; apartment communities, professional offices along University Blvd.; Wildwood golf club, Miami University and Middletown HS campuses in close proximity.
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
NEARBY MAJOR RETAILERS
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University Plaza | 621-671 N University Blvd
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