Your email has been sent.
Lantern Pointe N. Meridian St. And 161st St. 5,224 SF of 4-Star Retail Space Available in Westfield, IN
HIGHLIGHTS
- Located at 161st & Union Blvd, adjacent to US-31
- Two 4-story mixed-use buildings + a 5,224 SF stand-alone restaurant building
- 102 apartment units providing built-in customer base
- Will serve as the gateway to Downtown Westfield
- 29,142 SF retail and 1,809 SF office available
- Close proximity to Grand Park – a destination drawing over 2 million annual visitors
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste A | 5,224 SF | Negotiable | $42.00 /SF/YR $3.50 /SF/MO $219,408 /YR $18,284 /MO | Triple Net (NNN) |
Ground, Ste A
5,224 SF Free Standing Restaurant Building
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
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 | 5,224 SF | Gross Leasable Area | 30,951 SF |
| Property Type | Retail | Parking Ratio | 7.01/1,000 SF |
| Property Subtype | Freestanding | Construction Status | Proposed |
| Total Space Available | 5,224 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 30,951 SF |
| Parking Ratio | 7.01/1,000 SF |
| Construction Status | Proposed |
ABOUT THE PROPERTY
Introducing Lantern Pointe, Westfield’s next great dining and shopping destination. Perfectly situated at 161st Street and Union Blvd, just off US-31, this highly anticipated mixed-use development will serve as the gateway to Downtown Westfield and a vibrant new hub for local and regional visitors alike. Lantern Pointe will feature two four-story mixed-use buildings with upscale apartment residences above ground-floor restaurant and retail space, plus a stand-alone 5,224 SF restaurant building that offers exceptional visibility and access. With 29,142 SF of prime retail and 1,809 SF of boutique office space available for lease, this project is designed to become the go-to gathering place for Westfield’s rapidly growing community. Lantern Pointe blends modern design, pedestrian-friendly streetscapes, and outdoor gathering areas to create an inviting, energetic environment for restaurants, cafés, boutiques, and specialty retailers. The 102 luxury apartments above the retail level provide built-in clientele, while its proximity to Grand Park—a destination drawing over 2 million visitors annually—ensures strong, year-round traffic.
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
Lantern Pointe | N. Meridian St. And 161st St.
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.