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Town Center at Souderton 623 E Broad St
400 - 2,400 SF of 4-Star Retail Space Available in Souderton, PA 18964
Highlights
- New Construction
- Walkability
- Town Center Feel
- Built-in Residential Client Base
- Ample Parking
- Route 113 Access
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 400-2,400 SF | 1-10 Years | $21.07 CAD/SF/YR $1.76 CAD/SF/MO $226.80 CAD/m²/YR $18.90 CAD/m²/MO $4,214 CAD/MO $50,568 CAD/YR | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
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 623 E Broad St , Souderton, PA 18964
| Min. Divisible | 400 SF | Gross Leasable Area | 60,000 SF |
| Property Type | Retail | Year Built | 2024 |
| Property Subtype | Storefront Retail/Residential | Construction Status | Under Construction |
| Min. Divisible | 400 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 60,000 SF |
| Year Built | 2024 |
| Construction Status | Under Construction |
About the Property
Redevelopment of the old Souderton High School lot into a residential-over-commercial walkable Town Center. Current plans allow for flexible retail space of 2400 SqFt per building, and spaces can be leased from as small as 400 SqFt up to the entire 2400 SqFt as per the needs of prospective tenants. There will be outdoor seating options available for bars, taprooms, restaurants, cafes, or other tenants that may want outdoor seating. The spaces will be built to the needs of tenants, and can accommodate any kind of business from the types of businesses already listed to yoga/pilates studios or office space. The site will also have several larger standalone pads for larger retailers, small grocers, or restaurants. These pads are available to be land leased if that is preferable. We are also pursuing a liquor license for the property, which as of now would be one of only two available in Souderton and which would enable prospective tenants to serve a full bar.
- Courtyard
- Signage
DEMOGRAPHICS
Demographics
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Amy Harpel -
Select Properties Inc
Presented by
Town Center at Souderton | 623 E Broad St
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