Hervey Shopping Center
The base lease price for the approximately 29,000 square foot vacant space would be approximately $4-5 per foot, depending on the terms of the lease and the level and amount of finish-out requested. In addition, the taxes, insurance, and common area expenses passed through for this shopping center have been running approximately .50 per year.
This base lease amount does not allow for any real estate commissions paid by Landlord (if applicable because Tenant has a broker) unless otherwise negotiated.
Our other tenants are Stage, Cato Its Fashion, Fred's, Action Rentals, and a Chinese Restaurant.
The entire retail shopping center (approximately 90,000+ s.f.) is available for sale for $2,425,000. This includes all of the above tenants, plus the above-referenced vacant space.
The smallest column is 20 x 40 feet. About half of the area has larger spacing. There are 10 interior columns total. This space is the interior part of a larger shopping center with plenty of parking.