|
|
King Farm 801 Pleasant Dr 1,800 SF of Retail Space Available in Rockville, MD 20850
HIGHLIGHTS
- A lump sum incentive to take over the lease.
- Tenant Improvement Allowance (TIA) to cover construction & customization.
- Demolition savings, as the work is already done.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 100 | 1,800 SF | Negotiable | $49.03 /SF/YR $4.09 /SF/MO $527.75 /m²/YR $43.98 /m²/MO $7,355 /MO $88,254 /YR | Triple Net (NNN) |
1st Floor, Ste 100
Join a vibrant community of quality tenants at King Farm’s Village Center! The landlord seeks businesses that will complement the existing strong tenant mix. Explore the directory here: https://kingfarmvillagecenter.com/directory/ • Full buildout completion can happen within two months, space is 85% done. • Lease is assignable, offering flexibility for new tenants. • Incentives Include: • A lump sum incentive to take over the lease. • Demolition savings, as the work is already done. • Tenant Improvement Allowance (TIA) to cover construction & customization
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
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
| Total Space Available | 1,800 SF | Gross Leasable Area | 17,124 SF |
| Property Type | Retail | Year Built | 2020 |
| Property Subtype | Storefront Retail/Residential | Cross Streets | King Farm Blvd |
| Total Space Available | 1,800 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 17,124 SF |
| Year Built | 2020 |
| Cross Streets | King Farm Blvd |
ABOUT THE PROPERTY
Join a vibrant community of quality tenants at King Farm’s Village Center! The landlord seeks businesses that will complement the existing strong tenant mix. Explore the directory here: https://kingfarmvillagecenter.com/directory/
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Redland Boulevard | - | 13,396 | 2022 | 0.18 mi |
| Redland Blvd | Elmcroft Blvd, SW | 12,914 | 2022 | 0.23 mi |
| Gaither Road | - | 9,169 | 2022 | 0.32 mi |
| Frederick Rd | Ridgemont Ave, NW | 43,365 | 2018 | 0.35 mi |
| State Hwy 355 | Redland Rd, NW | 41,446 | 2022 | 0.36 mi |
| West Gude Drive | - | 23,968 | 2022 | 0.53 mi |
| Gaither Rd | Royal Cres, SE | 9,203 | 2022 | 0.54 mi |
| Frederick Road | - | 43,622 | 2022 | 0.64 mi |
| W Gude Dr | Frederick Rd, E | 22,422 | 2022 | 0.66 mi |
| Shady Grove Road | Shady Grove Rd, NW | 39,901 | 2022 | 0.68 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
Building Photo
Building Photo