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3rd South Retail Project 453-457 E 300 S 1,120 - 3,120 SF of Retail Space Available in Salt Lake City, UT 84111
HIGHLIGHTS
- The Other Place at 453-457 East 300 South offers a divisible, 4,700-square-foot retail strip center comprised of well-maintained storefronts.
- Salt Lake City's robust job and population growth in the region has fueled retail demand from tenants and consumers in the past decade.
- Space cannot be used for food related businesses.
- Centrally located between Downtown Salt Lake City and the University of Utah, surrounded by local shops, restaurants, and new apartments.
- Highly visible, easily accessible location near the city's main thoroughfare, 400 S/University Boulevard, with ample parking & signage opportunities.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste B | 1,120 SF | Negotiable | $24.50 /SF/YR $2.04 /SF/MO $263.72 /m²/YR $21.98 /m²/MO $2,287 /MO $27,440 /YR | Modified Gross | ||
| 1st Floor, Ste C | 2,000 SF | Negotiable | $24.50 /SF/YR $2.04 /SF/MO $263.72 /m²/YR $21.98 /m²/MO $4,083 /MO $49,000 /YR | Modified Gross |
1st Floor, Ste B
Space cannot be used for food related businesses.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 3,120 SF of adjacent space
- Central Heating System
1st Floor, Ste C
Space cannot be used for food related businesses.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Can be combined with additional space(s) for up to 3,120 SF of adjacent space
- Central Heating System
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 | 3,120 SF | Gross Leasable Area | 4,700 SF |
| Property Type | Retail | Year Built | 2009 |
| Property Subtype | Storefront |
| Total Space Available | 3,120 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,700 SF |
| Year Built | 2009 |
ABOUT THE PROPERTY
The Other Place at 453-457 East 300 South is a 4,700-square-foot retail strip shopping center centrally located between Downtown Salt Lake City and the University of Utah. This well-positioned center was originally constructed in 2009 and offers welcoming storefront units, perfect for a variety of retailers and specialty shops. Space cannot be used for food related businesses. Suites may be combined for a new tenant to occupy the entire property. Surrounded by a wealth of local retail businesses, restaurants, and newly constructed apartment projects, The Other Place benefits from a bustling community with strong demographics and excellent exposure to thousands of vehicles per day. The location offers significant street visibility, signage opportunities, and abundant parking. Nestled in Utah's capital and most populous city, Central Salt Lake City is at the heart of it all. From delectable local restaurants to historic museums, there’s something for everyone to enjoy in this urban neighborhood. Central Salt Lake City offers proximity to the Salt Lake City International Airport, the Great Salt Lake, the University of Utah, the Hogle Zoo, and so much more. Interstate 15 and the neighborhood’s abundant light rail stations make getting to and from this capital city a breeze.
NEARBY MAJOR RETAILERS
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3rd South Retail Project | 453-457 E 300 S
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