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Albany Plaza 1167-1351 Waverly Dr SE
1,500 - 27,339 SF of Retail Space Available in Albany, OR 97321
Highlights
- Great visibility from Santiam Hwy, Waverly Drive and 14th Street.
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,500-3,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 1235 | 21,339 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 1310 | 2,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
14th St - 1st Floor
Pad Available for ground lease or BTS
1235-1351 Waverly Dr SE - 1st Floor - Ste 1235
1235-1351 Waverly Dr SE - 1st Floor - Ste 1310
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 Albany Plaza
- Dollar Tree
- Rite Aid
- Sportsman's Warehouse
PROPERTY FACTS FOR 1167-1351 Waverly Dr SE , Albany, OR 97321
About the Property
Albany Plaza is located in the heart of Albany's retail shopping area, and offers close proximity to Heritage Mall. The shopping center boasts high visibility from Waverly Drive and Santiam Highway, the two main thoroughfares in Albany. Santiam Highway connects Interstate 5 to Albany and the nearby city of Corvallis. Fully remodeled in 2014, this plaza is home to the Sportsman' s Warehouse, Dollar Tree, Rite-Aid, Aarons, Carl' s Jr. and many others. The available pad site offers a rare drive-thru opportunity in a fully developed shopping center. Across from Fred Meyer, Regal Cinemas and the Heritage Mall. Santiam Hwy: 20,200 VPD (ADT 2009); Waverly Drive: 16,600 VPD (ADT 2011).
- Restaurant
- Signage
Nearby Major Retailers
Presented by
Albany Plaza | 1167-1351 Waverly Dr SE
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