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Memory Lane Center 971 Memory Ln 8,000 SF of Flex Space Available in Gallatin, TN 37066
HIGHLIGHTS
- Great visibility and traffic flow from restaurant and adjoining buisnesses
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,000 SF | 3-10 Years | $20.00 /SF/YR $1.67 /SF/MO $160,000 /YR $13,333 /MO | Triple Net (NNN) |
1st Floor
These units are in a shell state, no systems or fixtures are in place or included. Owner Tenant will be responsible for buildout of their selected units to meet their criteria and obtain any and all permits required. Triple Net Owner shall maintain adequate fire insurance on building only, tenant shall be responsible for maintaining insurance on buildout and interior, and liability insurance for their units. Tenant shall have 120 days rent free for buildout. Rental payments shall commence 30 days from: completion of buildout or upon opening of business or 120 days from signed lease agreement, whichever occurs first.
- Lease rate does not include utilities, property expenses or building services
- Building visible from Gallatin Road
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 MEMORY LANE CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Oscar's Grill
- Cocktail Bar
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Oscar's Grill | Cocktail Bar | 1 | - |
PROPERTY FACTS
| Total Space Available | 8,000 SF | Gross Leasable Area | 12,878 SF |
| Property Type | Retail | Year Built | 2018 |
| Property Subtype | Storefront | Parking Ratio | 5.44/1,000 SF |
| Total Space Available | 8,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 12,878 SF |
| Year Built | 2018 |
| Parking Ratio | 5.44/1,000 SF |
ABOUT THE PROPERTY
These units are in a shell state, and no systems or fixtures are in place or included. Tenant will be responsible for building out units to meet their criteria and obtain any and all permits. Triple Net Owner shall maintain adequate fire coverage for the building ONLY, tenant shall be responsible for maintaining insurance on buildout and interior including liability insurance for their unit. Tenant shall have 120 days to complete the buildout and open business. Rental payments shall commence: 30 days from certificate of occupancy or upon opening of business whichever occurs first or 120 days from signed lease agreement.
- 24 Hour Access
- Property Manager on Site
- Restaurant
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
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Memory Lane Center | 971 Memory Ln
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