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27 Waltham St
4,560 - 9,120 SF of Retail Space Available in Lexington, MA 02421
Highlights
- Excellent Lexington Center retail location with ample parking
- Former restaurant space, with potential for various retail uses
- Approx 4,560 sf with bonus (free rent) lower level of 4,560+ sf
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level | 4,560 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 4,560 SF | Negotiable | $42.14 CAD/SF/YR $3.51 CAD/SF/MO $453.60 CAD/m²/YR $37.80 CAD/m²/MO $16,013 CAD/MO $192,160 CAD/YR | Triple Net (NNN) |
Lower Level
- Partially Built-Out as a Restaurant or Café Space
- Can be combined with additional space(s) for up to 9,120 SF of adjacent space
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Can be combined with additional space(s) for up to 9,120 SF of adjacent space
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 27 Waltham St , Lexington, MA 02421
| Property Type | Retail | Gross Leasable Area | 9,120 SF |
| Property Subtype | Restaurant | Year Built | 1961 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 9,120 SF |
| Year Built | 1961 |
About the Property
Excellent location and value. Former restaurant space available for retail use. Approx 4,560 sf on first level with similar sized free rent on lower level. Features large open space ideal for a variety of businesses. Walking distance to a large number of local shops and restaurants with ample parking available. Bring your business and creativity to vibrant Lexington Center!
Nearby Major Retailers
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Josh Seadia -
JMJ Commercial Realty Inc.
Presented by
27 Waltham St
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