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: 2/12/2024

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

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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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