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Hallmark Building 215 Newbury St
1,094 SF of Retail Space Available in Peabody, MA 01960
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 1,094 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 1
Prime Retail/Office/Medical Space Available in Landmark Location. An exceptional opportunity awaits at The Hallmark Building, a privately owned, well-managed property. High-Visibility Location positioned at the busy corner of Rte. 1 and Lowell Street, with easy access from both Rte. 1 North and Southbound sides and visible from I-95. Constant foot traffic to many successful businesses on site. Formerly a smoothie bar, this storefront retail space features a recently updated, high-quality build-out. Access to common bathrooms and 100-plus onsite parking spaces. Landlord welcomes all uses to apply. Perfect for an orthodontics practice, medical lab, testing facility, retail/office concept, and light cafe/smoothie use. Tenant-friendly terms with all utilities and building operating expenses included. Tenant to cover their phone/net/cable and other services per tenant's use. Immediate Availability. Some trade fixtures and equipment are available for sale.
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 FOR 215 Newbury St , Peabody, MA 01960
| Property Type | Retail | Total Land Area | 1.75 AC |
| Property Subtype | Storefront Retail/Office | Year Built | 1962 |
| Gross Leasable Area | 43,141 SF | Parking Ratio | 3.1/1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 43,141 SF |
| Total Land Area | 1.75 AC |
| Year Built | 1962 |
| Parking Ratio | 3.1/1,000 SF |
Features and Amenities
- Freeway Visibility
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
Hallmark Building | 215 Newbury St
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