King Street Retail For Lease - 322 King Street; 1525 SF - SEMG
18667
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King Street Retail For Lease – 322 King Street; 1525 SF

King Street Retail For Lease – 322 King Street; 1525 SF

This listing is for the assignment of the current lease which ends 5/31/2022 (see attached rent schedule & floor plan). Assignee shall pay Assignor a lease assignment fee equal to $35,000.00. This is an outstanding retail opportunity on King Street. Join Pottery Barn, William Sonoma, Jos A Banks, Apple iStore, Copper Penny, Croghan’s, Dumas, Luna, & Grady-Irvin in the very heart of the Downtown shopping district. The space is open, bright, and has been recently renovated. Take advantage of this turn-key retail opportunity. This is a Triple-Net Lease. In addition to the Base Rent, Tenant agrees to pay 50% of all insurance, property tax, user fee, and assessment expenses for the property known as 322-324 King Street, TMS # 457-04-04-010; Year 2018 NNN expenses are currently estimated to be $10.07 psf. Tenant also pays its pro-rata share of utilities; 100% of electricity/gas & its share of H2O/Sewer estimated to be $0.62 psf. The base rent increases annually by 3%. Tenant accepts the space as-is and shall make all further improvements at Tenant’s sole expense. LL is not offering rent abatement or a TI Allowance. Acreage, Year Built, and Square Footage are approximate; Please verify all information prior to presenting an offer. Lease Flyer / Floor Plan / Rent Schedule: 322 King Lease Packet 2018