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8408 Georgia Ave
1,500 SF of Retail Space Available in Silver Spring, MD 20910
Highlights
- Extremely high drive-by and foot-traffic visibility with ample parking on and near the property. Only steps to metro and public bus access..
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,500 SF | 11’ - 13’ | 5-15 Years | $54.96 /SF/YR $4.58 /SF/MO $591.58 /m²/YR $49.30 /m²/MO $6,870 /MO $82,440 /YR | Triple Net (NNN) |
1st Floor
The current tenant is Velatis Chocolate Confectionary. The current use and occupancy is for Confectionary Retail. Space comes with dedicated parking in the back. Just steps from the Silver Spring Metro Station parking garage and bus transfer station. Public bus stop in front of property. High visibility location on Georgia Avenue in the heart of Downtown Silver Spring, MD
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Specialty Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Drop Ceilings
- Emergency Lighting
- Finished Ceilings: 11’ - 13’
- DDA Compliant
- Display Window
- Wheelchair Accessible
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 FOR 8408 Georgia Ave , Silver Spring, MD 20910
| Property Type | Retail | Year Built/Renovated | 1928/2009 |
| Property Subtype | Storefront | Parking Ratio | 1.04/1,000 SF |
| Gross Leasable Area | 2,880 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 2,880 SF |
| Year Built/Renovated | 1928/2009 |
| Parking Ratio | 1.04/1,000 SF |
About the Property
Building is a 3,000 s.f. street level building divided into two suites, each st 1,500s.f. 8408 Georgia Avenue, Suite B is being offered. Single story construction, walls are class M. Suite B has a 7.5 ton HVAC package unit with gas heat servicing it. 200amps servicing the suite. Natural Gas is available for the interior and is being used for heat.
DEMOGRAPHICS
Demographics
Nearby Major Retailers
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Nick Margus - T&K Management LLC
Presented by
T&K Management LLC
8408 Georgia Ave
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