Catylist ID:
#30830350
6,950sf High Traffic Retail on Route 114, Danvers
Retail-Commercial
for Lease
| Catylist Listing ID: | 30830350 |
| Property Subtypes: | Free-Standing Building, Retail-Pad, Other |
| Contiguous Space: | 6,950 SF |
| Gross Building Area: | See Agent |
| Lease Rate: |
$32 PSF (Annual) |
| Base Monthly Rent: | $18,533 |
| Lease Types: | NNN |
| Last Updated: | 4/8/2024 |
Overview / Comments
|
High-profile 6950sf retail space directly on Andover Street, (Route 114), just off I-95. Large open floorplan with 12'-14' wall height, warehouse with loading dock, individual offices & two ADA restrooms. This is one of the most active retail corridors in the North Shore, and demographics & location are superb, average daily traffic in excess of 40,000 VPD. The property is surrounded by a who's who of high-quality retail businesses. Large lighted pylon sign at the signalized entrance, excellent signage on the front of the building & 110 shared free parking spaces in the front and rear of the property. The HVAC system has been upgraded to provide more fresh air with higher filter efficiency, resulting in high-quality filtration & lower cost. The fire alarm has also been upgraded. NNN expenses are estimated at $4psf. 5-year step-up lease with multiple 5-year options. Space is delivered as a vanilla box, with interior modifications at the tenant's expense. Available spring of 2023. Prospective tenants are encouraged to perform Due Diligence in all aspects of their contemplated tenancy. |
Expand All Available Space
| Suite: Unit 3 | 6,950 SF | $32 PSF (Annual) NNN |
| Level/Floor: | 1 | |
| Space Available: | 6,950 SF | |
| Lease Rate: |
$32 PSF (Annual) $18,533 (Monthly) |
|
| Lease Type: | NNN | |
| Space Description: | High-profile 6950sf retail space directly on Andover Street, (Route 114), just off I-95. Large open floorplan with 12'-14' wall height, warehouse with loading dock, individual offices & two ADA restrooms. This is one of the most active retail corridors in the North Shore, and demographics & location are superb, average daily traffic in excess of 40,000 VPD. The property is surrounded by a who's who of high-quality retail businesses.
Large lighted pylon sign at the signalized entrance, excellent signage on the front of the building & 110 shared free parking spaces in the front and rear of the property. The HVAC system has been upgraded to provide more fresh air with higher filter efficiency, resulting in high-quality filtration & lower cost. The fire alarm has also been upgraded. NNN expenses are estimated at $4psf. 5-year step-up lease with multiple 5-year options. Space is delivered as a vanilla box, with interior modifications at the tenant's expense. Available spring of 2023. Prospective tenants are encouraged to perform Due Diligence in all aspects of their contemplated tenancy. |
|
| Date Available: | 4/1/2023 | |
| Lease Term: | 60 Months | |
| Space Type: | New | |
| Tax Expenses | $73,574 PSF (Annual) | |
Additional Details
| Nearest MSA: | Boston-Cambridge-Newton |
| County: | Essex |
| Tax ID/APN: | 056 006 |
| Zoning: | R114 |
| Lot Frontage: | 400 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 8,317 | 86,564 | 203,307 |
| Median Age: | 57 | 44.05 | 42.27 |
| Households: | 4,344 | 35,137 | 82,294 |
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