Your email has been sent.
Durham Retail Center 700 Durham Dr 2,115 SF of Retail Space Available in Houston, TX 77007
HIGHLIGHTS
- 700 Durham Drive presents a second-generation restaurant space with FF & E available and TI's negotiable.
- Prominent signage is available and visible at the intersection of Durham Drive and Shepherd Drive.
- Located in the Washington retail/restaurant corridor and just north of the River Oaks planned community.
- Serving a heavy foot traffic area plus additional parking is available adjacent to the center for further exposure and amenity.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,115 SF | 5 Years | $42.00 /SF/YR $3.50 /SF/MO $88,830 /YR $7,403 /MO | Triple Net (NNN) |
1st Floor
This is a second-generation restaurant space with furniture, fixtures, and equipment available. Ideally located in the Washington retail/restaurant corridor and just North of River Oaks.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
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 | 2,115 SF | Gross Leasable Area | 8,322 SF |
| Property Type | Retail | Year Built | 2006 |
| Property Subtype | Storefront | Parking Ratio | 2.4/1,000 SF |
| Total Space Available | 2,115 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 8,322 SF |
| Year Built | 2006 |
| Parking Ratio | 2.4/1,000 SF |
ABOUT THE PROPERTY
Resolut is pleased to present a premier second-generation restaurant space within the Durham Retail Center at 700 Durham Drive in Houston, Texas. Ideally located with prominent pylon signage at the intersection of Durham Drive and Shepard Drive, the space is exposed to more than 12,800 daily passing vehicles. 700 Durham Drive was previously occupied by a regional seafood grill restaurant, and is now presented with all FF& E available and custom Tenant Improvements.
NEARBY MAJOR RETAILERS
