Recently renovated commercial property available for Triple Net (NNN) lease for 1600 per month plus $101.19 TICAM. Flexible lease term 1-3 years. Ste A and Ste B both are available and each are around 817 sq ft (gross leaseable area). Units can be combined or separated as needed. The spaces are shell spaces and each suite has ADA compliant bathroom. There are 23 parking spaces. Brand new HVAC, electrical, plumbing and roof. Brand new parking lot, exterior building lights,, signage and overhead parking lot lights. Other tenants are a convinient store and a laundromat.
Following businesses are not considered ideal for this space:
1. Car Dealership
2. Event hosting such as church, wedding, baby showers, gathering of any sort etc.
Zoning is commercial neighborhood (CN) so please make sure your business is allowed for this zoning. Please review the following information thoroughly before reaching out.
Property Address: 612 Lakeland St Ste A Durham NC 27701, 612 Lakeland St Ste B Durham NC 27701
Base Rent: $1500/month per space. Total Base Rent for Two Spaces: $3,000/month.
TICAM: $101.19/month per space. If you rent both spaces, it will be $202.38. TICAM includes the following bills:
Property Taxes from Durham County
Property Insurance
Storm Water from City of Durham
Dumpster Collection from Republic Services
Common Area Overhead Parking Lighting Bill from Duke Energy
Common Area Building Lighting Bill from Duke Energy (includes cost of electricity used by all signage and light fixtures attached to the
building)
Please note that TICAM will be adjusted each year as the cost of maintenance goes up or if we have to do any repairs of the common area. If it’s more than a separate bill at the end of the year will be sent to you.
Quarterly filter change for HVAC systems.
Property is zoned as Commercial Neighborhood (CN) so please make sure your business is allowed for this zoning.
Security Deposit – One month’s rent.
Snow removal and landscaping has not been included yet. For snow removal we will find out if we need it or not this winter season. Landscaping may add $15-20 per month to your portion of TICAM so it’s not going to be a lot but I thought I would mention. We won’t adjust TICAM until beginning of next year.
Signs cabinets have already been installed so you will be responsible for getting just a vinyl insert and getting it installed from our signage person. This will be additional cost and I believe it’s $500 or so to get your logo/sign made and installed per cabinet. I can give you the contact info of my signage company or you can have your guy do it for you.
Something to think about. The property ceiling height is 9’. However, at some places where the duct is running the height is around 7’. So, if you are planning to have activities that would require high jumps or aerobics etc, this location will not work for you.
You are responsible for
Your own utilities – Electric, Gas (HVAC), Internet and Water. For electric, gas and water, meters and supply are all there so all you will have to do is turn the accounts under your name. For internet, Spectrum will come and make the connection from the pole outside as they would not make connection until an account has been setup. Shouldn’t take too long either.
Each space has its own meter for each utility so you will have to get two accounts activated for electric, two for gas and two for water if you lease both spaces.
The lease spells out what all other items you are responsible for but the gist is your responsible for all repairs (except for any structural related issues of the building). You are responsible for all glass, widows/doors, anything inside your leased space, electrical, plumbing, HVAC system, roof, signage, your portion of canopy etc.
Annual backflow inspection from city of Durham which costs around $100 or so. If there are any repairs or maintenance then that may add to the cost.
Any upfits, penetrations etc. All work must be done by a licensed contractor and must be approved by the landlord first.
Landlord doesn’t provide any tenant incentives for the upfit and will not contribute towards it. All upfit costs must be bear by the tenant.
Landlord will not pay any broker/leasing fees
